New Delhi, June 30: In 12 hours, the Goods and Services Tax(GST), considered to be one of the most revolutionary tax reform will be rolled out by Prime Minister Narendra Modi at a midnight session. With this, the idea of ‘One nation, one tax’ will be realised and the idea which was formulated in the form of a bill by then Finance Minister under the Congress led-UPA regime and now President of India Pranab Mukherjee, will come to life.

But this new tax reform, which is reportedly aimed at benefiting all Indians, can be pretty confusing and given the various technical terms and jargon which are being thrown at the consumers and sellers, understanding the concept of GST can be quite difficult. In this regard, following are the various items which will fall in the 18% slab under the GST. ALSO READ: GST roll-out: Full list of items placed under highest tax slab of 28%

List of items in the 18% slab

The list of items in the 18% slab will be divided into two sections. The first section is the goods section and will name the various items that will be in this slab. However, the second section shall include the names of the various services that will be affected and has been put in the 18% slab.

Goods

The products under the 18% slab are:

  • Trademark
  • Bidi Patta
  • Goodwill
  • Software
  • Biscuits (all categories)
  • flavoured refined sugar
  • pasta
  • pastries and cakes
  • preserved vegetables
  • jams and sauces
  • soups
  • ice cream
  • instant food mixes
  • mineral water
  • tissues
  • envelopes
  • tampons
  • notebooks
  • steel products
  • printed circuits
  • camera
  • speakers and monitors
  • Kajal pencil sticks
  • Headgear and parts thereof,
  • Aluminium foil,
  • Weighing Machinery [other than electric or electronic weighing machinery],
  • Printers [other than multifunction printers],
  • Electrical Transformer,
  • CCTV,
  • Optical Fiber,
  • Bamboo furniture
  • Swimming pools and padding pools
  • Curry paste;
  • mayonnaise
  • salad dressings;
  • mixed condiments and
  • mixed seasonings
  • Footwear costing more than RS. 500

Now coming to the Services part, the top service to be taxed in accordance with the 18 percent slab are:

  • AC hotels that serve alcohol
  • telecom services
  • IT services
  • branded garments
  • financial services

Notably, Rooms with tariff between Rs 2,500 and Rs 7,500 will attract 18 percent of GST, while restaurants in Five-star hotels will also be charged according to the 18 percent slab.