GST RATES AND CLASSIFICATION OF CERTAIN GOODS

GST rates in India are divided into four categories: 5%, 12%, 18%, and 28%.

Goods and services are classified based on the Harmonized System of Nomenclature (HSN) code.

Goods with HSN codes starting with 01 to 24 fall under the 5% GST rate.

Goods with HSN codes starting with 25 to 27 fall under the 12% GST rate.

Goods with HSN codes starting with 28 to 43 fall under the 18% GST rate.

Goods with HSN codes starting with 44 to 49 fall under the 28% GST rate.

Certain goods such as petroleum products, alcoholic drinks, and electricity are not included in the GST system.