GST Rates in India means the tax rates which applied under the Goods and Services Tax regime and categorizes goods and services into different tax slabs. The main GST rates in India are 5%, 12%, 18% and 28%.
But recently there is a proposal on the GST council table for tax hike on select goods.
If there is a green signal, then it could raise taxes on cloths, shoes, watches but the worst is for cigarettes, tobacco etc.
Tax Tweaks Under GST Proposal
Tobacco Products
Aerated Beverages
Apparel
New GST Rates may be applicable on Garments
| Costing | Rates |
| Up To Rs. 1,500 | 5% |
| Rs. 1,500 – Rs. 10,000 | 18% |
| Over Rs. 10,000 | 28% |
Luxury Shoes
Luxury Wristwatches
This move aims to boost revenue and promote public health, particularly by targeting harmful products like tobacco. Final decision is pending for council approval.
Affordable Living: Few Goods May Get Cheaper
Bicycles
Exercise Notebooks
Packaged Drinking Water
Medical Insurance Premium
These cuts aim to make essential and affordable goods more accessible to the public.