The 14th GST Council Meeting, chaired by the Union Minister of Finance Shri Arun Jaitley, was held at Srinagar, Jammu and Kashmir on May 18-19, 2017. The fitment of rates of goods were discussed during the Council meeting. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The Council has also broadly approved the rates of GST Compensation Cess to be levied on certain goods. It will be subject to further vetting during which the lists may undergo some changes.
You may view the chapter wise rates of goods, classification scheme and rates for services, services under reverse charge and GST Cess rates below :
Goods :
Chapter wise Rate wise GST schedule of Goods.
Services :
Services under Reverse charge as approved by GST Council