A

Research Report

on

What is the effect of Goods and Services Tax on

Various Sectors & Price of the Product

Submitted to :-

Prof. Palwinder Kaur

Assistant Professor ( Dept. of ECE )

Guru Nanak Dev Engineering College

Ludhiana

Submitted By:-

Gurinderjit Singh( 1628010 )

Manish Kumar ( 1628031 )

MBA 2nd

Semester

1628031

Page | 1

ACKNOWLEDGEMENT

We would like to express my special thanks to our Head of Department of master of business

administration Dr. Sukhdev Singh and we are also like to thank our gratitude to my teacher

Prof. Palwinder Kaur. Who gave us the golden opportunity to do this wonderful research

paper on the topic Goods and Services Tax , How the GST effect the price of various goods

and services. We came to know about so many new things we are really thankful to them. If

the theoretical knowledge curves and shapes the career of a person, practical knowledge

polishes it and adds lustre and brilliant to it.

Gurinderjit Singh

Manish Kumar

.

Page | 2

ABSTRACT

The Good and services tax (GST) is the biggest and substantial indirect tax reform since

1947. The main idea of GST is to replace existing taxes like value-added tax, excise duty,

service tax and sales tax. GST as it is known is all set to be a game changer for the Indian

economy. India as world’s one of the biggest democratic country follow the federal tax

system for levy and collection of various taxes. Different types of indirect taxes are levied

and collected at different point in the supply chain. The centre and the states are empowered

to levy respective taxes as per the Constitution of India. The Value Added Tax (VAT) when

introduced was considered to be a major improvement over the pre-existing Central excise

duty at the national level and the sales tax system at the State level. Now the Goods and

Services Tax (GST) will be a further significant breakthrough - the next logical step - towards

a comprehensive indirect tax reform in the country. The Finance Minister in his budget

speech of Budget 2015 has announced time and again that the tax will be introduced on 1

April, 2016. (but in CGST Meeting FM Says: GST implement From 1st April or May 2017 ).

GST tax system plays a vital role in growth of India.GST cover 12 taxes (Like Vat, Sale tax,

CST, KKC etc). GST is one of the most crucial tax reforms in India which has been long

pending. It will be levied on manufacture sale and consumption of goods and services. GST

is expected to address the cascading effect of the existing tax structure and result in uniting

the country economically. The paper highlights the effect on various sectors in India.

Descriptive statistical tools are used to analyse and interpret the data collected through

secondary sources such as official web sites of Government. In this research we find out GST

reduce the tax burden on Tax payers with on other side GST decrease the revenues of Union

& State Government. Research find-out Good purchase decrease 5% to 10%.

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LIST OF FIGURE

Sr. No. Title Page No.

1 GST Structure 7

2 How GST Work 17

3 Effect on Car Rates 18

4 Effect on IT Sectors 19

5 Effect on Home use Product Rates 19

6 Effect on Home use Product Rates 19

7 Effect on Automobile Product Rates 20

8 Effect on Mobile Rates 20

Page | 4

LIST OF ABBREVIATION

GST: Good and services tax

SGST: State Good and services tax

IGST: Integrated Goods and Service Tax

VAT: Value Added Tax

UPA: United Progressive Alliance

NDA: National Democratic Alliance

CVD: countervailing Duty

SAD: Special Additional duty of customs

ACD: Additional Customs Duty.

CST: Central Sales Tax

KKC: Krishi Kalyan Cess

Page | 5

CONTENTS

Description Page No.

I. ACKNOWLEDGEMENT 1

II. ABSTRACT 2

III. LIST OF FIGURE 3

IV. LIST OF ABBREVIATION 4

V. CONTENTS 5-6

Chapter 1: Introduction 7-10

1.1 What Is GST Bill 7

1.2 GST Structure 7

1.3 Different Tax Cover Under GST 8

1.4 Timeline of GST in India 9

1.5 GST Council 10

1.6 Additional Tax 10

1.7 Compensation To States 10

Chapter2: LITERATURE REVIEW 11-13

2.1 REVIEW ABOUT GST 11-13

2.2 CONCLUSION OF LITERATURE 13

Chapter 3: Problem Formulation 14

3.1 Problem Statement 14

3.2 Objective of Research 14

3.3 Challenges of Research 14

3.4 Methodology 14

Chapter 4: Impact on Various sectors 15-16

4.1 IT and Ites 15

4.2 Telecom 15

4.3 Automobiles 15

4.4 Consumer Durables 15

4.5 Furnishing and Decor 15

4.6 Logistics 16

4.7 Cement 16

4.8 Textiles/Garments 16

4.9 Pharmacy 16

4.10 Metal 16

4.11 Banking and Financial Institutions 16

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Chapter 5: Result Analysis 17-20

5.1 Basic concept of GST 17

5.2 Effect on Automobiles Industrial 18

5.3 Effect on IT Industrial 19

5.4 Effect on Manufactory Industrial 19

5.5 Effect on LED T.V. Price 19

5.6 Effect on Spare Parts Price 20

5.7 Effect on mobile company 20

Chapter 6: GST Rate and Schedule 21

6.1 GST rate Details 21

6.2 GST Cover various goods under this SCHEDULE 21

Chapter 7: Conclusion 22

Chapter 8: REFRENCES 23

Chapter 9: APPENDIX 24-46

9.1 SCHEDULE – I 24-26

9.2 SCHEDULE – II 26

9.3 SCHEDULE – III 26

9.4 SCHEDULE – IV 26-36

9.5 SCHEDULE – V 36-46

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Chapter 1: Introduction

1.1What is GST bill?

Goods and Services Tax bill is India’s biggest reform in India’s indirect tax structure. The

purpose of the bill is to introduce one single tax on supply of goods and services, from the

manufacturing stage until its delivery to the final consumer. The final consumer of the goods

and/or services will only have to bear the GST charged by the final dealer in the supply chain,

and avail set-off benefits at all the previous stages. This means interim tax stages such as

excise duties and service tax and state levies like VAT will be absorbed under GST. For

successful implementation of GST, it is necessary that the Government at both centre and

state levels, agree to merge all their taxes into CGST/SGST. Further, the base for taxation for

both has to be the same. The exemptions, abatements etc. Under GST need to be common for

both centre and all states to avoid litigation. Further exemptions/exclusions should be

minimum to avoid break of credit chain. The law needs to provide for single point

compliances, absence of multistate audits etc. for the assessed.

1.2 GST Structure

1.2.1 CGST: GST to be levied by the Centre.

1.2.2 SGST: The GST to be levied by the States is State GST (SGST).

1.2.3 Integrated Goods and Service Tax: Integrated GST (IGST) will be levied by the

Centre and the States concurrently

CGST

SGST

IGST

GST

Page: 1-b

Figure 1: GST Structure

Page | 8

1.3 Different Taxes cover Under GST

1.3.1 State taxes which will be subsumed in SGST

VAT/Sales Tax

Luxury Tax

Entertainment Tax (unless it is levied by local bodies),

Taxes on lottery, betting and gambling.

1.3.2 Central Taxes which will be subsumed in CGST

Central Excise Duty

Additional Excise Duty

Service Tax,

The Excise Duty levied under the medical and Toilet Preparation Act,

Additional Customs Duty

Commonly known as countervailing Duty (CVD) or Special Additional duty of

customs (SAD)

Education Cess

Surcharges

1.3.3 Taxes that will not be subsumed

Stamp Duty

Electricity Duty

Other Entry taxes and Octroi Entertainment Tax (levied by local bodies),

Basic customs duty and safeguard duties on import of goods into India

Professional Tax

Page | 9

1.4 TIMELINE OF GST IN INDIA

In 2000, an empowered committee was set up by NDA government under the chairmanship

of Asim Das Gupta to design GST model. With UPA in power union finance minister, Mr.

P.Chidambaram, proclaimed the implementation of GST from April2010 in budget of

2007and set up an empowered committee of state Finance ministers to work with center.

Therefore, on 10 May 2007 Joint Working Group was set up by empowered committee of

state finance ministers which submitted the report in Nov 2007.First detailed discussion paper

on structure of GST was introduced by empowered committee in Nov 2009 with the objective

of generating a debate and getting the inputs from all stakeholders. It suggested a dual GST

Module along with a GST council and finally in March 2011, constitution 115th amendment

bill was introduced to draw up laws for implementing GST. It includes the followings:

1) Setting up of GST COUNCIL by the president within 60 days of passage of bill. The

council will chaired by union finance minister and its members includes MoS for

revenue and finance ministers of states. It will work on GST rates, exemption limits

etc.

2) Setting up of a GST Dispute Settlement Authority having three members to resolve

dispute arising among states and take action against states.

3) GST Amendment Bill was referred to parliamentary committee on finance for

evaluation.

In Aug 2013 the standing committee submitted the report and recommended that proposed

Dispute Settlement Authority should be removed and its mechanism should be given to GST

Council itself. It also recommended that GST Council should take decision by voting rather

than consensus. The representation in the GST Council should be 1/3 from central and rest

2/3 from states. The decision in the council should be passed with more than ¾ vote

representatives present. The quorum of council is raised from proposed 1/3 to half by

standing committee.

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1.5 GST COUNCIL

1. It is set up by president under article 279-A. It is chaired by union finance minister.

2. It will constitute union minister of state in charge of revenue and minister in charge of

finance or taxation or of any other field nominated by state governments. The 2/3rd

representatives in council are from states and 1/3rd

from union.

3. The decision of council is made by 3/4th

majority of the votes cast and quorum of

council is 50%.

4. It will make recommendations on

i. Taxes, surcharge, cess of central and states which will be integrated in GST.

ii. Goods and services which may be exempted from GST

iii. Interstate commerce – IGST- proportion of distribution between state and center

iv. Registration threshold limit for GST

v. GST floor rates

vi. Special rates during calamities

vii. Provision with respect to special category states specially north east states

5. It may also work as Dispute Settlement Authority for GST. [5]

1.6 ADDITIONAL 1% TAX

1. Additional 1% tax on interstate taxable supply of goods which is levied by centre and

directly portioned to the exporter state (origin state).

2. This tax will be charged for two years or for longer time period recommended by GST

Council.

1.7 COMPENSATION TO STATES

1. For maximum of 5 years union will compensate states for the revenue losses arising

out of GST implementation.

2. This compensation will be made on the recommendation of GST Council.

3. Centre Government pay 65,000crore First three year to states.

Page | 11

Chapter2: LITERATURE REVIEW

The proposed GST is likely to change the whole scenario of current indirect tax system. It is

considered as biggest tax reform since 1947. Currently, in India complicated indirect tax

system is followed with imbrications of taxes imposed by union and states separately. GST

will unify all the indirect taxes under an umbrella and will create a smooth national market.

Experts say that GST will help the economy to grow in more efficient manner by improving

the tax collection as it will disrupt all the tax barriers between states and integrate country via

single tax rate. GST was first introduced by France in 1954 and now it is followed by 140

countries. Most of the countries followed unified GST while some countries like Brazil,

Canada follow a dual GST system where tax is imposed by central and state both. In India

also dual system of GST is proposed including CGST and SGST.

2.1 REVIEWS ABOUT GST

• Pinki, Supriya Kamma and Richa Verma (July 2014) studied, “Goods

and Service Tax- Panacea For Indirect Tax System in India” and concluded that the

new NDA government in India is positive towards implementation of GST and it is

beneficial for central government , state government and as well as for consumers in

long run if its implementation is backed by strong IT infrastructure. [1]

• Agogo Mawuli (May 2014) studied, “Goods and Service Tax-An Appraisal” and

found that GST is not good for low-income countries and does not provide broad

based growth to poor countries. If still these countries want to implement GST then

the rate of GST should be less than 10% for growth. [2]

• Nitin Kumar (2014) studied, “Goods and Service Tax- A Way Forward” and

concluded that implementation of GST in India help in removing economic distortion

by current indirect tax system and expected to encourage unbiased tax structure which

is indifferent to geographical locations. [3]

• Nishitha Guptha (2014) in her study stated that implementation of GST in the

Indian framework will lead to commercial benefits which were untouched by the

VAT system and would essentially lead to economic development. Hence GST may

usher in the possibility of a collective gain for industry, trade, agriculture and

common consumers as well as for the Central Government and the State

Government.[4]

Page | 12

• Jaiprakash ( 2014) in his research study mentioned that the GST at the Central

and the State level are expected to give more relief to industry, trade, agriculture and

consumers through a more comprehensive and wider coverage of input tax set-off and

service tax setoff, subsuming of several taxes in the GST and phasing out of CST.

Responses of industry and also of trade have been indeed encouraging. Thus GST

offers us the best option to broaden our tax base and we should not miss this

opportunities to introduce it when the circumstances are quite favorable and economy

is enjoying steady growth with only mild inflation.

• Saravanan Venkadasalam (2014) has analysed the post effect of the goods

and service tax (GST) on the national growth on ASEAN States using Least Squares

Dummy Variable Model (LSDVM) in his research paper. He stated that seven of the

ten ASEAN nations are already implementing the GST. He also suggested that the

household final consumption expenditure and general government consumption

expenditure are positively significantly related to the gross domestic product as

required and support the economic theories. But the effect of the post GST differs in

countries. Philippines and Thailand show significant negative relationship with their

nation’s development. Meanwhile, Singapore shows a significant positive

relationship. It is undeniable that those countries whom implementing GST always

encounter grows. Nevertheless, the extent of the impact varies depending on the

governance, compliance cost and economic distortion. A positive impact of GST

depends on a neutral and rational design of the GST such a way it is simple,

transparent and significantly enhances involuntary compliance. It must be actual, not

presumptive, prices and compliance control would be exercised through an auditing

system.[5]

• Dr. R. Vasanthagopal (2011)studied,“GST in India: A Big Leap in the Indirect

Taxation System” and concluded that switching to seamless GST from current

complicated indirect tax system in India will be a positive step in booming Indian

economy. Success of GST will lead to its acceptance by more than 130 countries in

world and a new preferred form of indirect tax system in Asia also. [6]

• Fabian Christandl, Detlef Fetchenhauer and Erik Hoelzl (2011)

conducted a study 2 months before and after a raise in value-added tax (VAT), 303

participants had to estimate the current prices for four products affected and four

products not affected by this raise in VAT and the anticipated or recalled prices of

these products. Before the VAT increase, an undifferentiated belief in strong future

price increases was prevalent. After the VAT increase, a confirmation bias was found:

in retrospect, participants reported price increases that were significantly higher than

the official price development and in line with an undifferentiated belief in marked

price increases.[7]

Page | 13

• Michael Keen and Ben Lockwood (2010) explored the causes and

consequences of the remarkable rise of the value added tax (VAT). It is observed that

the introduction of a VAT, reduces the marginal cost of public funds and it leads an

optimizing government to increase the tax ratio. This leads to the estimation, on a

panel of 143 countries for 25 years, of a system describing both the probability of

VAT adoption and the revenue impact of the VAT. The results point to a rich set of

determinants of VAT adoption, and to asignificant but complex impact on the revenue

ratio. The estimates suggest, very tentatively, that most countries which have adopted

a VAT have thereby gained a more effective tax instrument, though this is less

apparent in sub-Saharan Africa.[8]

• Ehtisham Ahmed and Satya Poddar (2009) studied, “Goods and Service

Tax Reforms and Intergovernmental Consideration in India” and found that GST

introduction will provide simplier and transparent tax system with increase in output

and productivity of economy in India. But the benefits of GST are critically dependent

on rational design of GST.[9]

2.2 CONCLUSION OF LITERATURE

Tax reforms have drawn the attention of researchers both in India and abroad. The

implementation of VAT of comprehensive nature, or at central and state levels both, may also

involve some elements of tax design. Most of the countries have introduced VAT in the last

about 25 years. In India also indirect tax reforms have drawn attention only after introduction

of economic reforms in the country. Therefore, the literature on VAT is of recent origin. The

Value Added Tax does not have a long history admittedly; there is not as much literature

available on this topic as other forms of tax system. So, in other words, only a limited number

of studies have been undertaken on VAT and those too with different perspectives. An

attempt thereby, has been made to review the literature on VAT. GST help to reduce the

unnecessary taxes. GST play very wide role in every economic.

Page | 14

Chapter 3: Problem Formulation

3.1 Problem Statement

Indirect tax system is very length process in taxation system. GST help to

reduce the indirect taxes. In public no one awareness about GST and How GST

effect the life of common person. After GST, What is Benefits to various

sectors and change in various prices.

3.2 Objective of Research

To study GST affects the indirect taxation systems.

To study, how much effect on price of different goods.

To Compare GST with other taxes.

3.3 Challenges of Research

GST Slabs rate not official declare by GST councils.

To study the elimination of multiplicity of taxation.

To study the benefits after the implementation of GST.

3.4 Methodology

The research is an exploratory research and the data collection is done mainly from the

secondary data sources such as statistical data available on the official web site of Finance

Ministry of India, the books published on GST and various contemporary news articles,

journals and papers. The data so collected is used for understanding the present tax structure

and for calculating the tax structure in the GST regime along with credit provisions. The

basic statistical concept such as forecasting etc is used for determining the tax liability in of

GST at different proposed rates of tax.

Page | 15

Chapter 4: Impact on Various sectors

4.1 IT and Ites

Currently IT & Ites industry is paying 14 percent of tax to the authority and subjected to 18-

20 per cent after the imposition of GST. Also an important point to notice here, that the long

disputed issue of canned software taxation will also come to end as their will no difference

arise between goods and services after the GST. Overall impact could be suggested here is

neutral or slightly negative [11]

4.2 Telecom

In the current stage, the Telecom sector is paying 14 percent of tax to the governing body, but

the scenario will take the shift after the imposition of GST. The expected rate of tax will arise

to 18 percent and the companies would expect to pass the burden on the post-paid customers.

There will also a lower input tax credit in this sector’s capex cost. Overall, it seems that this

regime will be negative to the industry and the sector will also be in state where they can’t

pass the entire tax burden to the consumers especially their prepaid segment with lower Arpu.

[11]

4.3 Automobiles

Currently, automobile sector pays around 30 to 47 per cent of tax to the Indian government

which is now expected to range between 20-22 per cent, after the implementation of GST.

And the overall cost cutting can be expected for the end user by around 10 per cent.

Transportation time should also be reduced as the check points and octroi is cleared hands

before. Overall GST will bring a smile into the automobile sector. [11]

4.4 Consumer Durables

This sector will typically be neutral or negative for the companies who were enjoying tax

exemptions before and falling under any concessional tax bracket. On the other hand, it will

be somehow beneficial for the companies who were not exempted from any tax scheme

before. The 7th pay commission will also give demand to the sector and the warehousing will

see certain boost in their profitability by 300-400 bp. [11]

4.5 Furnishing and Decor

In current, the sector pays above 20 per cent of his share to the tax authority, and the

organized sector composes of 65-70 of the total. The main agenda is to minimize the tax

liability of both organized and unorganised sectors and to give more opportunities to the

organized sector for being more loyal to the tax authority. [11]

Page | 16

4.6 Logistics

By understanding the sector, the findings are into the pocket of organized players as there are

many unorganised players who evade tax therefore creating a cost gap. After the

implementation of the GST, the organized players get the cost effectiveness and would be

enjoying the benefits of large set-up. Also, the interstate flow of goods would accelerate

demanding for more services of logistics. [11]

4.7 Cement

In the current scenario, cement sector is presenting 27 to 32 per cent of their share to the tax

authority. After the rolling out of GST, this will improve the sector growth in various terms,

like transportation by 20-25 per cent and in the warehouse scheme as the rationalization

would be easy in terms of state wise fragmentation and also in the transportation cost as

reduced transit time. [11]

4.8 Textiles/Garments

Currently, the range is 6 to 7 per cent which the sector is paying. Somehow there is no idea

about the impact of GST on this sector but the output tax rate high reason will be negatively

impacted. Therefore, various export companies, will get some extra benefit from the duty

drawback from the new GST implementation. [11]

4.9 Pharmacy

Here, the impact could be neutral as the sector only shares 6 per cent of his share to the tax

authority. The sector also avails the incentives in tax benefits of location wise. There are

various concessional benefits and exemptions held for this sector and will extend till the

expiry of the period. The implications of GST would also try to reduce the logistics cost and

would also try to see in to the matter of inverted duty structure. [11]

4.10 Metal

This sector is totally unknown from the imposition of GST tax regime on to him. But, the

sector is currently paying 19-21 per cent of tax to the tax body, with 4 to 5 percent of VAT in

particular state, Excise duty of 12.5 percent and CST 2 percent with variable entry taxes in

particular state. [11]

4.11 Banking and Financial Institutions

The sector is paying 14 percent right now, but not on the interest part of transaction. After the

GST implied, the tax horizon can expand up to 18 to 20 percent on the fee based transactions.

Overall input expense of operations will likely to increase and also hike in the transactions of

financial in nature such as loan processing fees, debit/credit charges, insurance premiums etc.

[11]

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Chapter 5: Result Analysis

5.1 Basic concept of GST

Figure 2: How GST Work

In this above diagram, the basic concept of GST is discussed. How GST is

work. In old taxation system (indirect taxation system) tax payer pay more tax

but in GST tax payer pay one tax. In above figure 1 Tax payer pay more tax

than GST. Wholesaler pays 27,500/- (Sale Tax + Countervailing duty+ Excise

duty) in indirect taxation system. But after GST Wholesaler pay 18,000/- as a

tax. Importer maintain many file like Sale Tax, Countervailing duty, Excise

duty etc. But after GST wholesaler and Importer need to maintain only GST

file.

Importer to wholesaler

Gold 100000 100000

Sales Tax (14%) 14000 -

Countervailing duty (12.5% 12500 -

Excise Duty ( 1% ) 1000 -

CGST (18%) - 18000

Grand Total 127500 118000

wholesaler to retailers

Price 127500 118000

Add margin (10%) 12750 11800

Other Charges (Like tax,

Rent, Transport charge) 15000 15000

Sub Total 155250 144800

Sales Tax (14%) 21735

SGST (18%) - 26064

Total Price 176985 170,864

Page | 18

5.2 Effect on Automobiles Industrial

Hounda City

i-DTEC

SV i-DTEC V Hounda City

i-DTEC

SV

i-DTEC

V

Base Model Base Model

Manufactory Cost 700,000 740,000 Manufactory Cost 700,000 740,000

All other cost 171,000 181,000 All other cost 171,000 181,000

Add margin 80000 100000 Add margin 80000 100000

Sub-Total 951,000 1,021,000 Sub-Total 951,000 1,021,000

VAT (14%) 133,140 142,940 SGST (28%) 266,280 285,880

price for retailer 1,084,140 1,163,940 price for retailer 1,217,280 1,306,880

Agency to retailers Agency to retailers

Ex-Showroom

Price

1,084,140 1,163,940

Ex-Showroom

Price 1,217,280

1,306,880

RTO

86,536 93,250 RTO 86,536

93,250

Insurance

40,221 43,135 Insurance 40,221

43,135

Others

10,817 11,656 Others 10,817

11,656

On road price

1,221,714 1,311,981 On road price 1,354,854

1,454,921

Excise Duty (24%) 293,211

314,875 Road Tax (2%) 27,097.08

29,098.42

Infrastructure Cess

(2.5%) 30,543

32,800 GST (28%) 379,359

407,378

VAT (14%) 171,040

183,677 Total Tax 406,456

436,476

Octroi / Entry Tax

(4%) 48,869

52,479 Car price for

customers 1761310 1891397

Road Tax (2%) 24,434.28

26,239.62

Total Of all

indirect tax 568,097

610,071

Total Price of car 1,789,811

1,922,052

Figure 3: Effect on Car Rates

Page | 19

After GST rate of cars and other vehicle reduce will be reduce from 10,000/- to

50,000/-. In above Figure 5.2 customer get profit 28,501/- on i-DTEC SV and 30,665/-

on of i-DTEC V. On other side agency maintain road tax and GST.

Page | 20

5.3 Effect on IT Industrial

Figure 4: Effect on IT Sectors

5.4 Effect on Manufactory Industrial

Figure 5: Effect on Home use Product Rates

5.5 Effect on LED T.V. Price

Figure 6: Effect on Home use Product Rates

M&G LTD.

Software for school uses 9500 9500

Serives Tax (14%) 1330 -

GST (5%) - 475

Grand Total 10830 9975

Whirlpool 6.5 Kg Fully Automatic Top Load

Washing Machine

Price (exclusive Tax) 15490 15490

Sales Tax (14.5%) 2168.6

GST (12.5%) - 1936.25

Grand Total

17658.6 17426.3

SONY BRAVIA 32" KLV 32R306

Price (exclusive Tax) 20700 20700

Sales Tax (14.5%) 3001.5 -

GST (18%) - 2587.5

Grand Total 23701.5 23288

Page | 21

5.6 Effect on Spare Parts Price

Motor vehicle spare parts

Names Qt Per Unit

Price Total Price

Throttle Body Cleaning 5 750 3750 3750

AC Disinfectant 4 700 2800 2800

AC Servicing of Maruti Car

including Gas Refill and

Labour Charges

10

2500 25000 25000

Sub-Total 31550 31550

Sales Tax (14.5%) 4574.8 -

Surcharges ( 2%)

631

-

GST (12%) - 3786

Grand Total 36756 35286

Figure 7: Effect on Automobile Product Rates

5.7 Effect on mobile company

Description Qt MRP VAT/CST

% KKC

Net Amount

( Exclusive

of taxes)

Net

Amount

(in GSt) Redmi 3S Prime Grey

32G

1 8,999 5.50% -

8,530 8,530

Mi Protect

1 599 14.50% 0.50%

521 521

Sub Total

9,051 9,051

VAT/CST

469 -

ST

76 -

GST (18%) 1,629

KKC

3 -

Grand total

9,598 10,680

Figure 8: Effect on Mobile Rates

Page | 22

Chapter 6: GST Rate and Schedule

6.1 GST rate Details

5%:- It will be levied on essential foods items and goods that are commonly used. This will

include the goods are the most used by people.

12%:- It is a standard slab rate.

18%:- The goods that are not included in the above rates will be taxed at 18% slab rate.

28%:- This rate will be levied on luxurious goods. This will include car, washing machine,

air conditioner, etc.

Zero rate GST will be applicable for the 50% of goods falling under consumer price index.

This will also include foods grains. Further, the central government has given power to state

government to levy 2% extra or lower tax over and above the rate of SGST.

6.2 GST Cover various goods under this SCHEDULE

• SCHEDULE – I 73 Goods (List of Exempted Goods)

• SCHEDULE – III 4 Goods

• SCHEDULE – IV 350 Goods

• SCHEDULE – V 17 Goods

• SCHEDULE – VI 2 Goods

Page | 23

Chapter 7: Conclusion

It can be concluded from the above discussion that GST will provide relief to producers and

consumers by providing wide and comprehensive coverage of input tax credit set-off, service

tax set off and subsuming the several taxes. Efficient formulation of GST will lead to

resource and revenue gain for both Centre and States majorly through widening of tax base

and improvement in tax compliance. It can be further concluded that GST have a positive

impact on various sectors and industry. Centre has decided to review the existing exemptions

from Central Excise Duty so that list of goods exempt from CGST and SGST list and 99

items exempted from VAT are taken off from both the components of GST. VAT has to

some extent reduced tax-evasion and frauds. It is encouraging to note that most of the traders

and general public are aware of VAT. GST, the major reforms on indirect taxes, will reduce

tax burden due to cascading effect. The efficiency in tax administration will be improved,

indirect tax revenue will be increased considerably due to inclusion of more goods and

services, and at last the cost of compliance will be reduced for the dealers. The

implementation of GST will be in favour of free flow of trade and commerce throughout the

country. This single most important tax reform initiative by the Government of India since

independence provides a significant fillip to the investment and growth of our country’s

economy. To get the desired result, it should be assured that the benefit of input credit is

ultimately enjoyed by final consumers. Although implementation of GST requires

concentrated efforts of all stake holders namely, Central and State Government, trade and

industry. GST effect the indirect taxation systems and help reduce the burden on tax payer.

GST help to reduce the burden of record make and file maintain. Because GST cover 10-12

Tax. GST reduce the price of various goods and increase the sale. After the implementation

of GST indirect taxation systems will remove and it easy to all tax payer to pay the tax to

government. Efficient formulation of GST will lead to resource and revenue gain for both

Centre and States majorly through widening of tax base and improvement in tax compliance.

It can be further concluded that GST have a positive impact on various sectors and industry.

Although implementation of GST requires concentrated efforts of all stake holders namely,

Central and State Government, trade and industry.

Page | 24

Chapter 8: REFRENCES

[1] Pinki, Supriya Kamna, Richa Verma, “Good and Service Tax – Panacea For

Indirect Tax System In India”, “Tactful Management Research Journal”,Vol2, Issue

10, July2014

[2] Agogo Mawuli “Goods and Service Tax- An Appraisal”Paper presented at the the

PNG Taxation Research and Review Symposium, Holiday Inn, Port Moresby,Pg No.

29-30. April 2014

[3] Nitin Kumar (2014), “Goods and Service Tax in India-A Way Forward”,“Global

Journal of Multidisciplinary Studies”, Vol 3, Issue6, May 2014.

[4] Nishita Gupta, Goods and Services Tax: Its implementation on Indian

economy, CASIRJ Volume 5 Issue 3 [Year - 2014] ISSN 2319 – 9202, Pg. No.126-

133.

[5] Saravanan Venkadasalam, Implementation of Goods and Service Tax (GST):

An Analysis on ASEAN States using Least Squares Dummy Variable Model

(LSDVM)International Conference on Economics, Education and Humanities

(ICEEH'14) Dec. 10-11, 2014 Bali (Indonesia), Pg No. 7-9

[6] Dr. R. Vasanthagopal“GST in India: A Big Leap in the Indirect Taxation

System”, International Journal of Trade, Economics and Finance, Vol. 2, No. 2, April

2011.

[7] Fabian Christandl, Detlef Fetchenhauer, and Erik Hoelzl, , Price

Perception and Confirmation Bias in the Context of a VAT Increase, Journal of

Economic Psychology,32(1), Volume 2, P.g. 131-141 in 2010

[8] Michael Keen, and Ben Lockwood, The Value Added Tax: Its Causes and

Consequences, Journal of Development Economics, Volume 1, P.g. 138-151 in 2010.

[9] Ehtisham Ahamad and Satya Poddar, “Goods and Service Tax Reforms

and Intergovernmental Consideration in India”, “Asia Research Center”,LSE

Volume 4, P.g. 138-151 in 2009.

[10] Sehrawat,: ISSN- 2350-0530(O) ISSN- 2394-3629(P) Impact Factor:

2.035 (I2OR) Http://www.granthaalayah.com ©International Journal of Research –

GRANTHAALAYAH, December, 2015, Vol.3 Iss.12 P.g. 133-141

[11] http://blog.saginfotech.com/impact-gst-bill-different-sectors-india

Page | 25

Chapter 9: APPENDIX

9.1 SCHEDULE – I

List of Exempted Goods

See Section 13 (1)

Sl. No Description of goods

1 Agricultural implements manually operated or animal driven.

2 Aids & implements used by handicapped persons.

3 Animal feeds and suplements.

4 Animal shoenails.

5 Aquatic feeds and suplements.

6 Appalam, Vadam and Vathal.

7 Artificial Limbs, shoes and such items used by physically handicapped person.

8 Atta, Maida, Suji, Besan, wheat, flour, paddy, rice and pulses.

9 All bangles excluding those made of precious metal.

10 Beehive.

11 Betel leaves.

12 Books, periodicals and journals including maps, charts and globe.

13 Bread (Un-branded).

14 Cart driven by animals.

15 Charcoal.

16 Charkha, Amber Charkha.

17 Handlooms, Handloom fabrics and Gandhi Topi.

18 Chalk stick

19 Chicken products.

20 Cigarettes.

21 Coarse grains.

22 Condoms & Contraceptives.

23 Cotton & Silk yarn in hank.

24 Curd, Lassi, butter milk & saturated milk.

25 Earthen pot and clay lamps.

26 Electrical energy.

27 Firewood except Casurina and Eucalyptus timber.

28 Fish net, fish fabrics & fish seeds, prawn/shrimp seeds.

29 Fresh milk and pasteurized milk.

30 Fresh plants, saplings and fresh flowers.

31 Fresh vegetables, including potatoes & fruits.

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32 Gamosha.

33 Goods taken under customs bond for re-export after manufacturing or otherwise.

34 Handicrafts.

35 Human Blood & blood plasma.

36 Idols made of clay.

37 Indigenous handmade musical instruments.

38 Items covered by PDS .

39 Khadi garments /goods and made-ups.

40 Kites.

41 Kirpan.

42 Kumkum, Bindi, Alta & Sindur.

43 Mango stones and mango kernels.

44 Hatchable eggs and livestock, Fresh meat, fish, prawn, and other aquatics.

45 Mekhla, Chaddar.

46 Muddhas made of sarkanda, phool bahari jhadoo.

47 National Flag.

48 Non-judicial stamp sold by Govt. Treasuries, postal items like envelope, postcard etc.

sold by Govt., rupee note &cheques.

49 Nutan kerosene wick stove.

50 Organic manure.

51 Rakhi.

52 Raw wool & Jute.

53 Religious pictures not for use as calendar.

54 Sacred thread, commonly known as yagnapobit.

55 Sago.

56 Salt (Branded or otherwise).

57 Saplings and Seed of all kinds, other than oil seeds.

58

Scale, colour box, painting box and drawing book, exercise book and Mathematical instruments for

Students sold by school canteen .

59 Semen including frozen semen.

60 Silk worm laying, cocoon & raw silk.

61 Slate and slate pencils.

62 Sugar.

63 Tapioca.

64 Textiles of all varieties.

65 Tender green coconut.

66 Toddy, Neera & Arak.

67 Vaccines of all kinds.

68

Water other than aerated, mineral, distilled, medicinal, ionic, battery, de-mineralized and water sold

in sealed container.

69 Plantain leaves.

70 Poha, murmura and lai.

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71 Prasdam by religious institutions.

72 Unbranded broomsticks.

73 Unprocessed green leaves of tea.

9.2 SCHEDULE – II

See Section 12(4)(a)

Goods Taxable at the rate of zero per centum

Serial No. 1 upto 34 deleted

9.3 SCHEDULE – III

[See section 12(4)(a)]

Goods Taxable at 1 per centum

Description of goods Rate

1 Bullions. 1%

2 Gold and silver ornaments. 1%

3 Precious stones. 1%

4 Canteen Sales Department (CSD) 1%

9.4 SCHEDULE – IV

[See section 12(4)(c)] Goods Taxable at 5 per centum

Description of goods Rate

1 Agar, Dalchini & cloves. 5%

2 Agate. 5%

3 Agricultural implements not operated manually or not driven by animal. 5%

4 Aluminium utensils and enameled utensils. 5%

5 Animal Hair, raw hide, skin and wool. 5%

6 Arecanut powder. 5%

7 Article made of rolled gold and imitation gold. 5%

8 Atukulu. 5%

9 Bamboo, Thatch and Cane. 5%

10 Bamboo matting. 5%

11 Bangles made of precious metal. 5%

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12 Bearings. 5%

13 Bed sheet, pillow cover, blanket and other made-ups. 5%

14 Beedi leaves. 5%

15 Beltings. 5%

16 Betelnut including supari. 5%

17 Bicycles, tricycles, cycle rickshaws & parts including tyres and tubes. 5%

18 Bio-fertilizers and Micronutrients, also plant growth promoters and regulators,

herbicides,rodenticide etc. 5%

19 Bio-mass briquettes. 5%

20 Bone meal. 5%

21 Bones of animals, birds, reptiles & fishes. 5%

22 Branded Bread. 5%

23

Bricks of all kinds, including fly ash bricks, refractory bricks & asphaltic roofing earthen

tiles. 5%

24 Buckets made of iron and steel, aluminum, plastic or other materials (except precious materials). 5%

25 Bukhari. 5%

26 Bulk drugs 5%

27 Candles. 5%

28 Capital goods other than non creditable items mentioned in schedule VII. 5%

29 Castings. 5%

30 Centrifugal & monobolic & submersible pumps & parts thereof. 5%

31 Chemical fertilizers, pesticides, weedicides, insecticides. 5%

32 Clay including fire clay, fine china clay and ball clay. 5%

33 Coal tar. 5%

34 Coconut fibre. 5%

35 Coconut in shell & separated kernel of coconut other than copra. 5%

36 Coffee beans & seeds, cocoa pod, & chicory. 5%

37 Coir & Coir products excluding coir mattresses. 5%

38 Combs. 5%

39

Communications equipments of all types, such as, private branch exchange (PBX) & Electrical

Private Automatic Branch. 5%

40 Computer stationeries. 5%

41 Cottage cheese. 5%

42 Cotton & cotton waste. 5%

43 Crucibles . 5%

44 Cups and glasses of paper and plastics. 5%

45 Declared goods as specified in section 14 of the Central Sales Tax Act, 1956, other than goods 5%

specified in Schedule-I .

46 Drugs and medicines including syringes and dressings. 5%

47 Medicated ointments produced under drugs licence, light liquid paraffin of IP 5%

48 Edible Oil of all varieties. 5%

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49 Electrodes. 5%

50

Embroidery or zari articles, that is to say, imi, zari, kasab, saima, dabki, chumki, gota sitara, naqsi,

kora, glass bead, badla. 5%

51 Exchange (EPABX) etc.

52 Exercise book, graph book, & laboratory note book, scale, colour box, painting box, drawing book 5%

and mathematical instruments.

53 Feeding bottle, nipples. 5%

54 Ferrous & non- ferrous metals & alloys, non-metals, such as aluminium, copper, zinc & extrusions of 5%

those.

55 Fibres of all types & fibre waste. 5%

56 Fly ash. 5%

57 Fried and roasted gram. 5%

58 Gabba. 5%

59 Hand pumps & spare parts. 5%

60 Handmade safety matches. 5%

61 Havan samagri including dhoop, agarbatti, sambrani or lobhana. 5%

62 Herb, bark, dry plant, dry root, commonly known as jari booti and dry flower. 5%

63 Hing (Asafoetida). 5%

64 Honey. 5%

65 Hosepipes and fittings thereof. 5%

66 Hosiery goods. 5%

67 I.T. products including computers, telephones, cell phones, DVD and CD & parts thereof, teleprinter 5%

& wireless equipment and parts thereof.

68 Ice. 5%

69 Imitation jewellery. 5%

70 Incense sticks commonly known as agarbati, dhupkathi, or dhupbati.. 5%

71

Industrial cables inccluding High voltage cables, XLPE Cables, jelly filled cables, optical

fibres. 5%

72 Insulators. 5%

73 Intangible goods of all types, like copyright, patent, rep. license etc. 5%

74 Kangri. 5%

75 Kattha. 5%

76 Kerosene lamp/lantern, petromax, glass chimney. 5%

77 Khansari. 5%

78 Khoya/Khoa. 5%

79 Knitting wool. 5%

80 Kuttoo atta. 5%

81 Leaf plates and cups-pressed or stitched. 5%

82 Lignite. 5%

83 Lime, limestone, clinker and dolomite. 5%

84 Linear alkyl benezene, L.A.B. Sulphonic Acid, Alfa Olefin Sulphonate. 5%

Page | 30

85 Loi. 5%

86 Mat locally known as madur, made wholly or principally of cypercus corymlosus known as gola 5%

mathi, madurkathi or cyperus.

87 Mat sticks & reed obtainable from Cyperus Kathi, mutha or Cyperus Malaccensis. 5%

88 Medical equipment/devices and implants. 5%

89 Metal castings of all types. 5%

90 Misri, Patasha as part of prasad. 5%

91 Hawaii chappals & straps thereof. 5%

92 Murmuralu, pelalu, atukulu. 5%

93 Napa slabs and Shahabad stones. 5%

94 Newars. 5%

95 Non-hatchable eggs. 5%

96 Non-mechanised boats used by fisherman for fishing. 5%

97 Nuts, bolts, screws and fasteners. 5%

98 Oil Cake. 5%

99 Oil seeds. 5%

100 Onion, garlic and ginger. 5%

101 Ores and minerals. 5%

102 Other goods of all types of local importance not notified by states as tax-free goods. 5%

103 Packing materials of all kinds. 5%

104 Panchamritam, namakatti, vibhuti. 5%

105 Paper and newsprint. 5%

106 Paper and paper board. 5%

107 Pattu. 5%

108 Pipes of all varieties including G.I. pipes, C.I. pipes, ductile pipes, PVC etc including fittings. 5%

109 Plastic footwear. 5%

110 Plastic granules, plastic powder and master batches. 5%

111 Porridge. 5%

112 Printed materials including diary, calendar etc. 5%

113 Printing ink including toner and cartridges. 5%

114 Processed meat, poultry and fish. 5%

115

Puffed rice, commonly known as Muri, flattened or beaten rice, commonly known as Chira, parched,

rice, commonly known as Khoi. 5%

116 Pulp of bamboo, wood and Reeds. 5%

117 Quandakari. 5%

118 Railway wagons, engines, coaches and parts thereof. 5%

119 Rattan, reed . 5%

120 Readymade garments. 5%

121 Refractory monolithic. 5%

122 Renewable energy devices & spare parts. 5%

123 River sand and grit, gravel, boulders and stone chips. 5%

Page | 31

124 Sabai grass and rope. 5%

125 Safety matches. 5%

126 Satu. 5%

127 Sewing machine, its parts and accessories. 5%

128 Ship and other water vessels. 5%

129 Silk fabrics excluding handloom silks unless covered by AED. 5%

130 Singhada. 5%

131 Sirali, bageshi, baroo, date leaves, baskets, handmade sooma & germa, made only of bamboo. 5%

132 Skimmed milk powder and UHT milk. 5%

133 Solvent oils other than organic solvent oil. 5%

134 Spectacles, parts & components thereof, contact lens & lens cleaner. 5%

135 Spices of all varieties and forms including cumin seed, aniseed, turmeric and dry chillies. 5%

136 Sports goods excluding apparels and footwear. 5%

137 Stainless steel sheets. 5%

138 Starch. 5%

139 Sewing thread. 5%

140 Takhti. 5%

141 Tamarind. 5%

142 Tea leaves. 5%

143 Tobacco and its products. 5%

144 Tools. 5%

145 Toys excluding electronic toys. 5%

146 Tractors, threshers, harvesters & attachments & parts thereof. 5%

147 Transmission towers. 5%

148 Umbrella except garden umbrella. 5%

149 Utensils of all kinds, including pressure cookers/pans except utensils made of precious metals. 5%

150 Used and unserviceable goods and stores of all kinds. 5%

151 Vanaspati ghee ( Hydrogenated Vegetable Oil ). 5%

152 Vegetable oil including gingili oil and bran oil. 5%

153 Wet dates. 5%

154 Willow wicker. 5%

155 Wooden crates. 5%

156 Works contract on printing works. 5%

157 Writing instruments, ink, geometry boxes, colour boxes, crayons and pencil sharpeners. 5%

158 Yarn of all kinds, other than cotton & silk yarn in hank. 5%

159 Animal (including fish) fats, oils, crude, refined or purified. 5%

160 Acetals and hemiacetals, whether or not with other oxygen function 5%

161 Acrylic polymers in primary forms. 5%

162 Activated carbon, activated natural mineral products, animal black, including spend animal black.. 5%

163 Aerials, antennas and parts. 5%

164 Aldehydes whether or not with oxygen function, cyclic polymers of aldehydes, paraformaldehyde. 5%

Page | 32

165 Alkali or alkaline earth metals, rare earth metals, scandium and yttrium, whether or

not intermixed or interalloyd, mercury. 5%

166 Aluminum hydroxide. 5%

167 Aluminum ores and concentrates. 5%

168 Amine-function compounds. 5%

169 Amino-resins, polyphenylene oxide, phenolic resins and polyurethanes in primary forms. 5%

170 Ammonia, anhydrous or aqueous solution. 5%

171 Animal or vegetable fats boiled, oxidized, dehydrated, sulphurised, blown,

polymerized by heat in vacuum or in inert gas. 5%

172 Articles for packing of goods of plastics, namely boxes, cases, crates, containers, carboy, bottles,

jerry cans & stoppers, lids, caps. 5%

173

Artificial graphite, colloidal or semi-colloidal graphite, preparations based on graphite or other carbon

in the form of paste. 5%

174 Benzole. 5%

175 Bitumen. 5%

176 Borates, peroxoborates (perborates). 5%

177 Butadiene. 5%

178 Calcium carbides. 5%

179 Carbon (carbon blacks & and other forms of carbon not elsewhere specified or included). 5%

180

Carbonates, peroxocarbonates (percarbonates), commercial ammonium carbonates containing

ammonium carbamate. 5%

181

Carboxyamide-function compounds including saccharin and its salts and amine function

compounds. 5%

182 Carboxyamide-function compounds, amide-function compounds of carbonic acid. 5%

183

Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and

peroxacid, their halogenated. 5%

184

Carboys, bottles, jars, phials of glass, of a kind used for the packing goods, stoppers, lids and other

closures, of glass. 5%

185

Cartons, Boxes (including flattened or folded cartons), boxes (including flattened or folded boxes),

cases, bags, packing container. 5%

186 Casein, caseinates and other case in derivatives, casein glues. 5%

187 Cathode ray oscilloscopes, Spectrum analysers, Signal analysers. 5%

188 Cellulose and its chemical derivatives & cellulose ethers, not elsewhere specified in primary forms. 5%

189

Chemical elements doped for use in electronics in the form of discs, wafers or similar forms,

chemical compounds doped for use. 5%

190 Chlorates and perchlorates, bromates and perbromates, iodates and priodates. 5%

191

Chlorides, chloride oxides and chloride hydroxides, bromides and bromide oxides, iodides and

iodide oxides. 5%

192 Chromium ores and concentrates. 5%

193 Chromium oxides and hydroxides. 5%

194 Cobalt ores and concentrates. 5%

195 Cobalt oxides and hydroxides. 5%

196 Colour lakes preparations based on colour lakes as specified in Note 3. of chapter 32. 5%

Page | 33

197

Colouring matter of vegetable or animal origin (including dyeing extracts but excluding animal

black) as specified in Note 2. 5%

198 Compounded rubber, unvulcanized, in primary forms or in plates, sheets or strip 5%

199

Compounds, inorganic or organic of rare earth metals, of yttrium or of scandium or of mixtures of

these metals. 5%

200 Computer systems and peripherals, electronic diaries. 5%

201 Copper ores and concentrates. 5%

202 Copper sulphates. 5%

203 Creosole oils. 5%

204 Cyanides, cyanide oxides and complex cyanides. 5%

205 Cyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives. 5%

206 Cyclic hydrocarbons. 5%

207 DATA/Graphic Display tubes, other than Picture tubes and parts. 5%

208 DC Micromotors, stepper motors of 37.5 watts. 5%

209 Denatured ethyl alcohol of any strength. 5%

210 Diazo-. Azo- or Azoxy-compounds. 5%

211

Di-Ethylene glycol, Mono-Ethylene Glycol, Tri-Ethylene Glycol, Ethylene Glycol, Heavy

Ethylene Glycol . 5%

212 Diodes, transistors & semi-conductor devices. 5%

213 Diphosphorus pentaoxide, phosphoric acid and polyphosphoric acids. 5%

214 Dithionites and sulphoxylates. 5%

215 Electrical apparatus for line telephony or line telegraphy. 5%

216 Electrical calculators. 5%

217 Electrical capacitors, fixed, variable and parts. 5%

218 Electrical resistors. 5%

219 Electronic Integrated Circuits and Micro-assemblies. 5%

220 Enzymes, prepared enzymes not elsewhere specified or included. 5%

221

Esters of other inorganic acids (excluding ester of hydrogen halides) and their salts, their

halogenated, sulphonated, nitrated. 5%

222

Ethers, ether-alcoholsperoxides, either-peroxides, ketone peroxides (whether or not chemically

defined) & their halogenated. 5%

223 Ethylene Diamine Tetra Acetic Acid, Nitrillo Triacetic acid and their derivatives. 5%

224 Ethylene oxide. 5%

225 Ethylene, propylene. 5%

226 Expoxides, epoxyalcohols, epoxyphenols & epoxyethers, with a three membered ring 5%

227 Finishing agents, dry carriers to accelerate the dyeing or fixing of due-staffs and other products &

preparations, textile, papers. 5%

228 Flexible plain films. 5%

229 Flurides, fluorosilicates, flouroaluminates and other complex flurine salts. 5%

230 Flurine, chlorine, bromine and iodine. 5%

231 Fulminates, cyanates and thiocyanates. 5%

232 Glass frit and other glass in the form of powder, granules or flakes. 5%

233 Glycerol, crude, glycerol waters and glycerol lyes. 5%

Page | 34

234 Glycosides, natural or reproduced by synthesis and their salts, ethers, esters and other derivatives. 5%

235 Granulated slag (slag sand) from manufacture of iron and steel. 5%

236 Halides and halide oxides of non-metals. 5%

237 Halogenated derivatives of hydrocarbons. 5%

238 Halogenated, sulphonated, nitrated or nitrosated derivatives of products of heading No.29.12. 5%

239 HDPE. 5%

240 Heterocyclic compounds with nitrogen heteroatom(s) only. 5%

241 Heterocyclic compounds with oxygen heteroatom(s) only. 5%

242 Hydrazine & hydroxylamine and their inorganic salts other inorganic bases, other metal oxides, 5%

hydroxides and peroxides.

243 Hydrogen chloride (hydrochloric acid), chlorosulphuric acid. 5%

244 Hydrogen, rare gases & and other non-metals. 5%

245 Hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium. 5%

246

Industrial monocarboxylic fatty acids, acid oils from refining, industrial fatty

alcohols. 5%

247 Ion-exchangers based on polymers, of heading Nos.39.01 or 49.13 in primary forms. 5%

248 Iron oxides and hydroxides. 5%

249

Isotopes other than those of heading No.28.44 and compounds, inorganic or organic of such

isotopes. 5%

250 IT software or any media. 5%

251 LCD Panels, LED panels and parts. 5%

252 Lead ores and concentrates. 5%

253 Liquid Crystal devices, flat panel display devices and parts. 5%

254 Liquid glucose (non-medical). 5%

255 LLDPE/LDPE. 5%

256 Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a 5%

257 Manganese oxides. 5%

258

Mechanical wood pulp, chemical wood pulp, semi-chemical wood pulp & pulps of other

fibrous 5%

cellulosic materials.

259 Methanol. 5%

260 Microphones, multimedia speakers, headphones etc. 5%

261 Mixed alkylbenzenes & mixed alkylnapthalenes, other those of heading No.27.07 or 29.02. 5%

262 Molybdenum ores and concentrates. 5%

263 Naphthalene. 5%

264 Natural polymers (for example, alginic acid) and modified natural polymers (for example, hardened

proteins, chemicals). 5%

265 Natural rubber, batala, gutta pecha, guayule, chicle and similar natural gums, in primary forms 5%

266 Nickel ores and concentrates. 5%

267 Niobium, tantalum, vanadium or zirconium ores and concentrates. 5%

268 Nitric acid, sulphonitric acid. 5%

269 Nitrile-functon compounds. 5%

Page | 35

270 Nitrites, nitrates. 5%

271 Normal paraffin. 5%

272 Nucleic acids and their salts, other heterocyclic compounds. 5%

273 Optical fibre and optical fibre bundles, cables. 5%

274 Optical fibre cables. 5%

275 Organic derivatives of hydrazine or of hydroxylamine. 5%

276 Organic-sulphur compounds. 5%

277 Other ores and concentrates. 5%

278 Oxides of boron, boric acids. 5%

279 Oxygen-function amino-compounds. 5%

280 Paper printed labels, paperboard printed labels. 5%

281 Paper-self adhesive tape and printed wrappers used for packing. 5%

282 Partially oriented yarn, polyester texurised yarn and waste thereof.. 5%

283 Parts and accessories of HSN 84.69,84.70 & 84.71. 5%

284 Parts of HSN 85.01. 5%

285 Permanent magnets and articles. 5%

286 Petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones 5%

287 Phenols. 5%

288 Phosphides, whether or not chemically defined excluding ferrophosphorus. 5%

289 Phosphinates (hyphosphites), phosphonates (phospgpites) and polyphosphates. 5%

290 Phosphoric ester and their salts, including lactophosphates, their halogenated, sulphonated, nitrated 5%

291 Polyacetals, other polyethers and epoxy resin, in primary forms, polycarbonates, alkyl resins, 5%

292 Polyamides in primary forms. 5%

293 Polycarboxylic acids, their anhydrides, halides, peroxides and peroxyacids, their halogenated, 5%

294 Polyester fibre waste. 5%

295 Polyester staple fibre & polyester staple fibre fill. 5%

296 Polyethylene Terephthalate chips. 5%

297 Polymers of propylene in primary forms. 5%

298 Potassium dischromate. 5%

299 Precious metal ores and concentrates. 5%

300 Prepared driers. 5%

301 Prepared rubber accelerators, compound plasticizers for rubber or plastics, not elsewhere specified 5%

302 Prepared unrecorded media for sound recording. 5%

303 Printed circuits. 5%

304 Printing ink whether concentrated or solid. 5%

305 PVC. 5%

306 Quaternary ammonium salts and hydroxides, lecithins and other phosphoaminolipids. 5%

307 Radio communication receivers, radio Pagers. 5%

308 Radioactive chemical elements and radioactive isotopes (including the fissile chemical element 5%

309 Reaction initiators, reaction accelerators and catalytic preparations not elsewhere specified 5%

310 Reclaimed rubber, in primary forms or in plates, sheets or strips. 5%

Page | 36

311 Reducers and blanket wash/roller wash used in the printing industry. 5%

312 Residual lyes from manufacture of wood pulp whether or not concentrated, desugared or chemically 5%

treated, including lignin sulphonate.

313 Retarders used in the printing industry. 5%

314 Rosin & resin acids and derivatives, thereof, rosin spirit and rosin oils. 5%

315 Sacks and bags, of a kind used for packing of goods of jute, or of other textile bast fibres of heading 5%

No.53.03.

316 Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids, 5%

their halogenated, sulphonated.

317 Self-adhesive plates, sheets, film, strip of plastics whether or not in rolls. 5%

318 Signal generators and parts. 5%

319 Silicons in primary forms. 5%

320 Sodium dischromate. 5%

321 Sodium hydroxide (caustic soda), potassium hydroxide(caustic potash) peroxides of sodium or 5%

potassium.

322 Stoppers, caps and lids ( including crown corks, screw caps and pouring stopper) capsules for 5%

bottles, threaded bungs, seals.

323 Sulphides of non-metals, commercial phosphorus trisulphide. 5%

324 Sulphides, polysulphides. 5%

325 Sulphites, thiosulphates. 5%

326 Sulphonated, nitrated or nitrosalted derivatives of hydrocarbons whether or not halogenated. 5%

327 Sulphur, sublimed or precipitated, colloidal sulphur. 5%

328 Sulphuric acid and anhydrides thereof Oleum. 5%

329 Suphonamides. 5%

330 Switches, connectors, relays for up to 5 amps. 5%

331 Synthetic organic colouring matter whether or not chemically defined, preparations based on 5%

synthetic organic colouring Note 2.

332

Synthetic organic tanning substances, inorganic tanning substances, tanning preparations, whether or

not containing natural. 5%

333

Synthetic rubber and factice derived from oils in primary forms or in plates, sheets or strips, mixtures

of any products. 5%

334 Tanning extracts of vegetable origin, tannins and their salts, ethers, esters and other derivatives.. 5%

335 Telephone answering machines. 5%

336 Tin ores and concentrates. 5%

337 Titanium ores and concentrates. 5%

338 Titanium oxides. 5%

339 Toluole. 5%

340 Transmission apparatus other than apparatus for radio or T.V. broadcasting. 5%

341 Tungsten ores and concentrates. 5%

342 Uninterrupted power supply. 5%

343 Unsaturated acyclic monocarboxylic acids, cyclic mono-carboxylic, their anhydrides, halides, 5%

peroxides and peroxyacids.

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344 Uranium or thorium ores and concentrates. 5%

345 Vegetable alkaloids, natural or reproduced by synthesis and their salts, ethers, esters and other 5%

derivatives.

346 Vegetable waxes (other than triglycerides), bees wax, other insect waxes and supermaceti, whether 5%

or not refined or coloured.

347 Wood tar, wood tar oils wood creosote, wood naptha, vegetable pitch, brewer pitch and similar 5%

preparations based on resin acid.

348 Word processing machines, electronic typewriters. 5%

349 Xylole. 5%

350 Zinc ores and concentrates. 5%

.

9.5 SCHEDULE – V

[See section 12(4)(d)]

Goods Taxable at 12 per centum

Description of goods. Rate

1 Abrasives including grinding stones, abrasive sheets, wheels, sections, sand paper, emery paper, 12%

emery cloth, emery powder, emery paste, water paper and the like.

2 Absolute alcohol, methyl alcohol, rectified spirit, neutral spirit and denatured spirit. 12%

3 Adhesive of all kinds including gum, glue, adhesive solution, gum paste, lapping compound, liquid M 12%

seal epoxy, shellac, vulcanizing solution and adhesive tapes, self adhesive tapes, gum tapes and

resin other than those specified elsewhere in this schedule or in any other schedule.

4 Advertisement hoarding. 12%

5 Aeroplanes and other aircrafts including helicopters and all kinds of parachutes, dirigibles, all kinds 12%

of gliders, all types of flying machines, aircrafts launching gear, parts and accessories thereof.

6 (i) Air conditioning plants, air conditioners and other air conditiong appliances, air coolers, room 12%

coolers including all cooling appliances, apparatus and instruments, (ii) refrigeration plants, & all

kinds of refrigerating appliances and equipments including refrigerators, deep freezers, mechanical

water coolers, coffee coolers, walk-in-coolers; (iii) Cold storage plants and equipments including

refrigeration materials like polystyrene and polyurethane foam materials used in refrigerators and

cold storage equipments; (iv) Water cooler-cum heater units; (v) parts & accessories of items (i) to

(iv) above.

7 Air purifiers, cupboard fresheners and deodorizers, whether odourless or with odour. 12%

8 Anti-bed sore made of PVC, rubber or other materials 12%

9 Apparatus for making coffee under pressure, commonly known as espresso. 12%

10 Arms, ammunitions and explosives of all kinds (i) rifles, pistols & bayonets, truncheons and 12%

ammunitions used therewith (ii) hand grenades; (iii) air guns, air rifles and pellets used therewith, (iv)

gelatin sticks, RDX, gun powder, detonators caps, igniters, electric detonators, fuses and other

blasting powder and the like.

11 Articles & other goods of aluminium, brass, bronze, copper, cadmium, lead and zinc other than 12%

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specified in any other schedule.

12

Articles made from all kinds and all forms of plastic including articles made of polythene,

polyvinyl 12%

chloride, poly propylene, polyesterene and the like materials, but excluding those specified in any

other schedule.

13 Articles made of ivory, horn, coconut shell, straw, bamboo, cane, rosewood, sandalwood and other 12%

woods other than those specifically included in any other entry in this schedule.

14 Articles, equipments for gymnastics and health fitness equipments. 12%

15 Asafetida including compounded asafetida. 12%

16 Asbestos sheets and products, cement products including products in combination with other 12%

materials not elsewhere mentioned in this schedule.

17 Asphaltic roofing. 12%

18 Baby & adult diapers. 12%

19 Bakery products including biscuits of all varieties, cakes, pastries, pizza-breads, other than those 12%

specified in any other schedule.

20 Baking powder, bread improver, cake gel, vinegar, wheat gluten and edible gelatin used for 12%

confectionery and ice creams.

21 Batteries and parts thereof, dry cells, button cells, solar cells of all kinds, parts & accessories thereof 12 %

including zinc calots and carbon rods.

22 Binoculars, monocular, opera glasses, optical telescope, astronomical instruments, microscopes. 12%

23 Bleaching powder of all varieties and descriptions. 12%

24 Boards such as planner boards, graph boards, writing boards, white mark ceramic steel, dry wipe 12%

boards.

25 Bulldozers, excavators, earthmovers, dumpers, dippers, pipe-layers, scrappers and the like, and 12%

parts & accessories thereof.

26 Cables of all types, other than those specifically included in this schedule or in any other schedule. 12%

27 Casurina, Eucalyptus timber. 12%

28 Cement including white cement and their substitutes . 12%

29 Chinaware, porcelain ware and stoneware articles. 12%

30 Cigar cases and cigarette cases, pipe holders, tobacco pipes, cigarette filters and hookah. 12%

31 Cinematographic equipments, including video cameras, projectors, overhead projectors, enlargers, 12%

plates and cloth required for use therewith, sound recording and reproducing equipments, parts &

accessories thereof and lenses, exposed films, film strips, arc or cinema carbons, cinema slides,

paper, paper boards required for use therewith.

32 Citronella oil 12%

33 Clip boards, clutch pencil, black lead, date stamps, dusters, index file clips, pokers, office files of all 12%

Page | 39

kinds, paper cutter, black board, black board dusters.

34 Coconut products (other than sweets & confectionery and those specifically included under any 12%

other item in this schedule).

35 Coffee powder including French coffee. 12%

36 Collapsible gates, rolling shutters whether operated manually, mechanically or electronically and 12%

their parts and grills made of iron and steels.

37 Conduit pipes and its fittings. 12%

38

Confectionery including toffee, chocolate and sweets of all kinds, ice-candy, ice-cake, ice-jelly,

kulfi

12%

& frozen confectionery, frozen desert, chewing gum and the like.

39 Cooked food including beverages other than liquor, served in, or supplied from, any-(a) hotel, (b) 12%

restaurant, (c) refreshment room, (d) club or (e) eating house.

40 Cooking gas other than LPG . 12%

41 Cosmetics & toilet articles that is to say,- Talcum powder, prickly heat powder, similar medicated 12%

body powder, shampoo of all varieties and forms, hair and body cleaning powder of all kinds,

sandalwood oil, ramachom oil, cinamom oil, perfumes, scents, snow & cream, eau-de-cologne, solid

colognes, beauty boxes, face packs, cleansing liquids, moisturizers, make-up articles (not including

talcum powder) complexion rouge, bleaching agents, hair oil, hair dyes, hair sprayers, hair

removers, hair creams, lipsticks, nail polishes and varnishes, polish removers, eye liners, eye lashes

and body deodorants.

42 Cushion, mattresses, pillows, seat cover and other articles made wholly or partly of artificial or 12%

synthetic resin or plastic foam or rubber foam.

43 Deccan hemp products other than deccan hemp fibre 12%

44 Detergents whether cake, liquid or powder, toilet soap, washing soap, laundry brighteners, abir, 12%

blue, stainbusters, stain removers and all kinds of cleaning powder and liquids.

45 Dextrose monohydrate or powder for food drink having dextrose monohydrate as major ingredient. 12%

47 Doors, windows, ventilators, partitions, stands, ladders, etc. made of any materials. 12%

48 Dry fruits, nuts and kernel such as almond, pista, dry grapes, figs, apricots, walnut, cashew kernel 12%

other than those specified elsewhere in this schedule .

49 Duplicating machines, photo copying machines, reprographic copiers including roneomachines, 12%

reprographic copiers including duplicators and any other apparatus for obtaining duplicate copies,

parts & accessories thereof, ribbons, plates used therewith.

50 Electric motor, spare parts and accessories. 12%

51 Electrical domestic and commercial appliances including-food processors like grinder, ovens, frying 12%

massage apparatus, sharpeners, vending machines other than those specifically included under any

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other entry in this schedule or in any other schedule.

52 Electrical goods of all kinds in the generation, transmission, distribution or in connection with the 12%

consumption of electricity, including all kinds of transformers, inverters, voltage stabilizers, wires

cables, holders, plugs, sockets,switches,capings, reapers, bends, junction boxes, coupling boxes,

meter boxes, switch boxes, fuse switch boxes, distribution boxes, power meters, meter boards,

switch boards, penal boards, distribution boards, electrical relays, single phasing preventors,

wooden plugs, lightning arrestors, electrical earthenware and porcelainware, circuit breakers,

starters, chokes, power supply indicators, winding wires and strips, joining materials, heating

elements, general lighting system(GLS) lamps, bulbs, tubes, light fittings, chandeliers and their

shades, fans, air circulators, protectors, stands, fixtures, fittings, battens, brackets, sound Or visual

signaling apparatus as bells, sirens, indicator panels, burglar or fire alarms other that those

specifically included.

53 Electronic goods (i) electronic systems, instruments, apparatus and appliances including television, 12%

audio & video cassette tape recorder, compact disc writer, audio & video cassettes, audio & video

magnetic tapes and DCs, video cassette players, automatic teller machines, music system,

amplifier, graphic equalizer, synthesizer, tuner, tape deck, record player, record changer, compact

disc player, speaker, sales register, (ii) components, spare parts and accessories thereof including

cathode ray tube, electronic wires, sleeves, casings, cappings, cables, switches, plugs, holders,

jacks, connectors, chokes, starters, relays, fuses, head cleaners and lubricants of all kinds other

than those specifically included in any other entry in this schedule or in any other schedule.

54 Electroplated nickel, chromium silver or german silver goods. 12%

55 Empty gas cylinders. 12%

56 Fax machines and their parts and accessories. 12%

57 Fibreglass sheets and articles made of fibreglass other than those specifically included in this 12%

schedule or in any other schedule. 12%

58 Fire fighting equipments and devices. 12%

59 Fire works including coloured matches. 12%

60

Floor and wall tiles of all varieties (i) Ceramic tiles, glazed floor, roofing and wall tiles, (ii)

Cuddappah

12%

stone slabs and shahabad stone slabs, (iii) (a) Granite blocks (rough or raw, (b) Polished granite

slabs, including tomb stones, monument slab and head stone, (iv) Black stone, Kota stone or any

other natural stone, (v) Marbles, that is to say, (a) Marbles boulders or lumps, (b) Marble slabs (c)

Marble chips (d) Marble dusts (e) marble floor tiles and walls tiles (f) Other articles made of marbles

61 Floor coverings, that is to say, (i) carpets, durries, druggets, kalins, galichas, carpentry and rugs 12%

whether tufted piled or otherwise whether made from cotton, silk, synthetic or other fibres, whether

machine made, handmade or made on handlooms but excluding jute carpets, coir carpets or

mattings, handmade or handloom made woven durries and jamakkalams, (ii) Laminated,

impregnated or coated matting materials such as linoleum including PVC (vinyl) materials.

62 Foam rubber products, plastic foam products, or other synthetic foam products of every description 12%

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including (i0 Sheets, (ii) cushions (iii) Pillows and (iv) mattresses.

63 Food- (i) Ready to serve foods and food preparations including instant foods, pickles, chatnis, 12%

sauces, jams marmalades, jellies sweets and sweet meats, confectionery, chocolates, toffees and

savories like chips and popcor n, (ii) Sweets made of groundnuts, gingelly, (iii) Fried, roasted or

salted grams and kemels, (iv) Semi-cooked or semi-processed food stuffs like coconut milk,

coconut milk powder. Food mixes, noodle, vermicelli and macaroni including spaghetti and

cornflakes, vegetative and animal preparations sold in sealed containers. (v) Food colours,

essences of all kinds and powders or tables used for making food preparations; (vi) Fruits other than

dry fruits and vegetable products when sold in tins, cans, bottles or in any kind of sealed containers.

64 Footwear of all kinds excluding plastic footwear and hawai chappals. 12%

65

Fruit oils like-grape oil, orange oil, lemon oil, lime oil, carrot oil etc (ii) Leaves oil such as mint

oil, curry leaf oil etc.

12%

66 Fruits sold in preserved form. 12%

67 Fur, skins with fur, and articles made of fur, skin. 12%

68 Furnaces and boilers of all types including fluidized bed boilers and ignifluid boilers and boilers 12%

using agricultural waste as fuel but not including boilers using municipal waste only as fuel.. 12%

69 Furniture made from any material whether sold in assembled or unassembled form and ready to 12%

assemble, and parts thereof. Explanation:- Slotted angles, gussets, plates, panels and strips which

when assembled form furniture or equipments shall be deemed to be furniture or office equipments

as the case may be, for the purpose of this item.

70 Garden and beach umbrellas and parts thereof. 12%

71 Garnet sand. 12%

72 Gas stove, burners and other accessories thereof. 12%

73 Gases other than those specifically mentioned in this schedule or in any other schedule. 12%

74 Glass and glassware other than those specified elsewhere in this schedule or in any other schedule. 12%

75 Glycerin. 12%

76 Hair – (i) Human hair, (ii) Wigs. 12%

77 Handlooms Machinery and parts and accessories thereof. 12%

78 Helmets. 12%

79 Hollow polyester fibre 12%

80 Hospitals instruments, apparatus, appliances, tools and aids used in medical, surgical, dental, 12%

veterinary science or physiotherapy including electrical and electronic equipments and appliances,

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syringes and needles, operation theatre equipments, shadow bulbs and tubes, specially made

operation and examination tables and cots and sucion apparatus; stands, stretchers, trolleys, dental

chairs, laboratory equipments and glassware; stethoscopes thermometers, lactometers, B.P

instruments, surgical cotton wool; enema cans, bed pans, kidney trays and such other hospital ware,

surgical gloves, aprons, operation suits, rubber sheets, catheters, I.V. sets and the like; cervical

collars, abdominal belts telonet paraffin gauza dressing, ultrasound jelly, pinchers (Steel) medical

81 Instant tea and instant coffee. 12%

82 Insulated flexible air ducts made of PVC or other materials. 12%

83 Internal combustion engine, marine engine, diesel engine, oil engine, generators, their spare parts, 12%

other then those specifically mentioned in this Schedule.

84 Ivory, rosewood and sandalwood articles. 12%

85 Jute-cum-polypropylene coverings. 12%

86 Key chains and key holders. 12%

87 Laboratory reagents, disinfectants. 12%

88 Laminated board or sheet of all varities and description including expanded polystyrene of all kinds 12%

of mica, sunmica, formica decolam etc.

89 Leather goods. 12%

90 Lifts, elevators, hoists, whether operated by electricity, hydraulic power, mechanical power or steam. 12%

91 Light roofing sheets (obtained by immersing paper mat in bitumen) 12%

92 Lighters of all kinds including spark lighters. 12%

93 Locks, padlocks and keys (all kinds) 12%

94 Low sulphur heavy stock (LSHS) 12%

95 Machinery of all kinds other than those specifically mentioned in this schedule worked by (i) 12%

Electricity (ii) Nuclear power (iii) Hydro-dynamic and steam power (iv) Diesel or petrol (v) Furnace

oil

(vi) Kerosene (vii) Coal including coke and charcoal (viii) Any other form of fuel or power

(excluding

human or animal labour) (ix) Parts and accessories of machineries and tools used with the

machineries mentioned in sub-items (i) and (iii) above.

96 Maize products that is to say, liquid glucose, dextrose, monohydrate, malto dextrine, glucose “D”, 12%

maize gluten, maize oil hydro com steep liquor.

97 Measuring devices such as (i) vernier caliper, screw gauge, depth gauge, coating thickness guage, 12%

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dial indicator, outside micro meter, mitutoya cylinder gauge, precision thread rink gauge, precision

ply gauge, colour comparator, water meters, gas meters, industrial thermometers, parts and

accessories thereof; (ii) & (iii) weighing machines of all kinds including platform scales,

weigh

bridges, counter scales, spring balances, weighing scales and balances, parts and accessories of

such machines and weights used therewith (iv) dipping measures, metric pouring measures, conical

measures, cylindrical measures (v) meter scales, measuring tapes, steel yards and survey chains.

98 Meat, poultry, fish , sea fish, fruit and vegetables preserved and sold in airtight containers. 12%

99 Menthol 12%

100 Mercury 12%

101 Metal, alloys, metal powders including metal paste s of all types and grades and metal scraps other 12%

than those falling under declared goods.

102 Metallic products other than those specified elsewhere in this schedule or in any other schedule. 12%

103 Micro cellular rubber. 12%

104 Milk products including powder milk, condensed milk, ghee, cheese, butter oil, ice creams, 12%

margarine, whether or not bottled, canned or packed.

105 Miscellaneous items not covered in any other schedule 12%

106 Mosquito repellents including electric or electronic mosquito repellents, gadgets and insect 12%

repellents, devices and parts and accessories thereof.

107 Motor coolant, solvent oil and transformer oil. 12%

108 Motor vehicle, chassis of motor vehicles, motor cycles, motor combinations, motor scooter, mopeds, 12%

motorettes, three wheelers, motor vessels, components, spare parts and accessories thereof.

109 Motor, operated electrically or otherwise, and pump operated with or without motor, including spare 12%

parts. components and accessories of such motor and pump. 12%

110 Musical instruments, electrical and electronic. 12%

111 Naphtha. 12%

112 Natural & synthetic essential oils not elsewhere specified in this schedule or in any other schedule. 12%

113 Non-alcoholic beverage and their powders, concentrates and tables including (i) aerated water, soda 12%

water, mineral water, water sold in sealed containers or pouches, (ii) fruit juice, fruit concentrate, fruit

squash, fruit syrup and fruit cordial, (iii) soft drinks, (iv) health drinks of all varieties, (v) other

non-

alcoholic beverages; not falling under any other entry this schedule or in any other schedule.

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114 Office machines, equipments and apparatuses including franking, address-printing, tabulating, cash 12%

registering, cheque writing, accounting, statistical, indexing, punching machines, stapler machines,

card punching and paper shredding machines and apparatuses, paper pins, pen stands, pencil lead,

pencil sharpeners, permanent markers refill leads, stamp racks, stapler pins, rulers of all kinds, gulli

pins and pin studs.

115 Paints, lacquers, polished and enamels not otherwise specified in this schedule, including (i) powder 12%

paints, stiff paste paints and liquid paints; (ii) Colours (iii) Pigments, including water pigments and

leather finishes; (iv) Dry distempers including cement based water-paints, oil-bound distempers,

plastic emulsion paints; (v) Varnishes French polish, bituminous and coal-tar blacks; (vi) Cellulose

lacquers, nitro-cellulose lacquers, clear and pigments and nitro-cellulose ancillaries in liquid, semi-

solid or pasty forms; (vii) Turpentine oil, bale-oil, white oil; (viii) Diluents and thinners

including

natural and synthetic drying and semi-drying such as double boiled linseed oil, blown linseed oil,

stand oil, sulphurised linseed oil, parilla oil, whale oil and tung oil; (ix) Glaziers putty, grafting

putty

resin cements, caulking compounds and other mastics, painters fillings, non-refractory surfacing

preparations for facades, indoor walls, false ceiling or the like; (x) Primers of all kinds.

116 Pan masala, pan chutney, scented supari and the like 12%

117 Paper envelopes whether printed or not, paper cups, pulp moulded products such as eggs tray and 12%

other paper products.

118 Perambulator including push chair for babies, and spare parts, accessories and components thereof 12%

119 Photographic cameras and enlargers, flash light apparatus, photo blocks, lenses, films including X- 12%

ray films and film packs and plates, x-ray machine, scanners, medical imaging equipments,

chemicals used in the photographic development and printing process, paper and cloth, photo

albums, stamp album, photo frames, photo mounts and other parts and accessories required for use

therewith.

120 Plaster of paris. 12%

121 Playing cards of every description. 12%

122 Plywood, laminated and decorative sheets veneer plywood, hard board, particle board, block board, 12%

insulation board, laminated board, batten board, hard or soft wall ceiling, floor boards, and similar

boards of wood, of all kinds, whether or not containing any material other than wood; (ii) All

other

non-soft boards or insulating material made of any other material other than wood.

123 Pollution control equipments, namely:- (i) Water pollution control equipments – Coarse screen/micro 12%

screen (stainless steel/mild steel), Rotary screen/comminutor (stainless steel/detritor), Racker arms,

weirs, paddles, motor with reduction gear arrangements intended for clarifiers for liquid waste

treatment, surface aerators/floating aerators and accessories, diffuses of all types for supply of air,

in liquid waste treatment, radial arms and accessories for trickling filters, demineraliser for effluent

treatment, synthetic packing media for trickling filters, degestors gas maters and electrical heaters

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for digestors, gas holding tanks for digestors. Pollution control equipments – (ii) instrumentation – B,

Oc incubator, C, Oc apparatus, ion analyzer, (iii) Air pollution control equipment – filters (fabric

filters, bag filters, vacuum filters), electrostatic precipitators, cyclones, wets.

124 Power driven pumps for quids and liquid elevators whether or not fitted with a measuring device 12%

excluding centrifugal pumps, monoblock pump sets, submersible pumps and parts and accessories

which are actually adapted for use with pumps and valves.

125 Power factor and shun capacitors of all kinds 12%

126 Rain coat, tarpaulin and products of waterproof cloth, rexine and PVC cloth. 12%

127 Ropes of all kinds 12%

128 Rough synthetic gem bottles 12%

129 RTS grills 12%

130 Rubber products, synthetic rubber products and products of mixture of rubber and synthetic rubber 12%

including tread rubber not elsewhere mentioned in this Schedule or in any other schedule.

131 Saccharine 12%

132 Saffron 12%

133 Sanitary towels, sanitary napkins, beltless napkins and tampons , baby nappies, disposable diapers. 12%

134 Sanitary equipments & fittings of every description including storage tanks, sinks, wash basins 12%

pedestals, taps, pipe-fittings, bath showers, bidets, water closet pans, flushing cisterns, urinals,

commodes, man-made covers used in connection with drainage and sewerage disposals, parts and

accessories thereof.

135 Scientific instruments and lab equipments like optical instruments, electrical instruments, scientific 12%

balnce, acoustic instruments and mechanical instruments.

136 Shaving set, safety razor, safety blades, razor cartridge, shaving cream, shaving soap, after shave 12%

lotion and hair comb.

137 Shoe polish including shoe wax, cream and whitener. 12%

138 Silverware 12%

139 Sound transmitting equipments including loudspeakers, Dictaphones, amplifiers, and similar 12%

apparatus for recording and reproducing sound and spare parts and accessories thereof.

140 Soya milk. 12%

141 Spiriulina products and other supplementary diet products in the form of pills, powders, capsules, 12%

etc.

142 Stainless steel products excluding utensils. 12%

143 Strong room or vault doors and ventilators, armored or reinforced safes, strong boxes and doors, 12%

Page | 46

cash chests, cash or deed boxes, wall coffers, safe deposit lockers and locker cabinets.

144 Studio backgrounds including lighting control reflectors, tri-reflector, modifiers, backgrounds, curtain 12%

backgrounds, etc

145 Suit cases, brief cases, attaché cases, dispatch cases, trunks. 12%

146 Vanity bags, vanity cases and vanity boxes, purses, and hand bags.

147 Synthetic gems. 12%

148 Tabulating, calculating machines, parts and accessories thereof. 12%

149 Tailoring materials, namely needles, scissors, hooks, zips, buckles, measuring tape and stick, 12%

collars and collar bones, horn buttons, indent hooks and eyes, jean buttons, knitting pins, long stitch

kits, MS coated button/stars, zip fasteners, zippers, cuff links, crochet hooks.

150 Tanning barks 12%

151 Telecommunication apparatus and ribbons used therewith not falling under any other entry in this 12%

schedule or in any other schedule.

152 Television sets and component parts and accessories thereof. 12%

153 Timber, including all kinds of wood, standing trees, planks, rafters, batten, veneer, bali post of any 12%

size or variety other than those coming under any specific entry in this schedule or in any other

schedule.

154 Tools and wear parts such as twist drills, taps, reamers, spanners, screw-drivers, files, cutting pliers, 12%

hammers, cutters, dies, button bits, tungsten, carbide wear parts, ceramic industrial wear parts and

the like.

155 Toothpaste, tooth powder (whether medicated or not ) tooth brush and other dentifrices, mouth

12 .

5%

washes and deodorants.

156 Torch lights and bulbs. 12%

157 Toys of all kinds including electrical and electronic toys. 12%

158 Transport equipments other than those specifically mentioned in this schedule. 12%

159 Typewriters, typewriter ribbon used therewith, whether or not spools, correction fluids and spare 12%

parts.

160 Tyres and tubes other than those for bicycles, tri-cycles, cycle rickshaws and wheel chairs; flaps. 12%

161 Vacuum flasks of all kinds and descriptions including refill for such flasks and thermally insulated 12%

flasks, containers and vessels including thermoses, thermic jugs, ice-buckets or boxes, tins and

receptacles to keep food or beverages or other articles, hot or cold and components and

accessories thereof.

162 Vegetable, mineral and other preparations, tonic food supplements, appetizers, dietical foods and 12%

all other preparations for human consumption in liquid pill, powder forms, whether prepared

according to pharmaceutical standards or otherwise, other than those specified elsewhere in this

schedule.

Page | 47

163 Vicks 12%

164 Vinegar 12%

165 Watches, clocks, time-pieces (whether or not in combination with any other devices), stop watches, 12%

time switches, mechanical-timers, time-records, auto print time punching clocks, time registers,

instrument panel clocks of all kinds including all such electronic devices, parts, and accessories

thereof, watch bands, watch bracelets, watch chains, watch straps.

166 Water- distilled water, medicinal water, ionic water, battery water, de-mineralised water. 12%

167 Water filters of all varieties and descriptions 12%

168 Water prooffing, damp prooffing and weather prooffing compounds 12%

169 Welding rods 12%

170 Wireless reception instruments and apparatus, transistor radio, radio radiograms and transistors and 12%

components thereof including all electrical valaves, accumulators, amplifiers and loudspeakers

which are used exclusively in such instruments and apparatus .

171 Works contract of all nature excluding printing works. 12%

172 Yeast-fresh, dried or compressed; yeast extract –paste or powder and yeast cell wall. 12%