New Delhi, June 30: The Goods and Service Tax (GST) will be implemented from July 1. The government has planned a big launch function on the night of June 30 in Parliament’s main hall. All the MPs, the CJIs of high courts, CJI of the Supreme Court, Prime Minister Narendra Modi, President Pranab Mukherjee, Vice President Hamid Ansari, Lok Sabha Speaker Sumitra Mahajan, all the MPs, CMs, and finance ministers of all the states are being invited for the midnight function. The big question is what is GST and what it entails? Also Read - Bharat Bandh Tomorrow Against GST, Petrol Price Hike, E-way Bill: What to Remain Closed, What’s Not

The GST is an indirect tax which will subsume all the other indirect taxes levied by the Centre and states. All the goods and services have been characterised into 5 tax slabs– 0%, 5%, 12%, 18%, and 28%. Here is the list of goods that are being placed under 0 to 5%. (Also read: What is GST? All Your Questions About it Answered) Also Read - Bharat Bandh on 26 February 2021: Over 8 Crore Traders to Protest Against GST, Fuel Price Hike and E-Way Bill

Edible oil-5% Also Read - GST Revenue Collection for January Almost Touched Rs 1.20 lakh Crore, says Finance Ministry

Sugar-5%

Life-saving drugs-5%

Kerosene-5%

Coal-5%

Steel utensils-5%

Branded paneer-5%

Branded cereals-5%

Branded cereals-5%

Cereals-no tax

Puffed rice-exempt

Bread-exempt

Papad-exempt

Cattle/poultry food-exempt

Salt-exempt

Coffee/tea-5%

Soyabean, groundnut, sunflower seed- 5%

Frozen vegetables-5%

Bakery items-5%

Vegetable fats and oil-5%

Sweetmeats-5%

Sauces, soups-5%

Safety matches-5%

Broom sticks-5%

Beat sugar, cane sugar-5%

Solar water heater- 5%

Renewable energy devices-5%

Bangles-exempt

Printed books-0

Blood vaccines-5%

Firewood-0%

Agriculture implements-0%

Geometry boxes-5%

LPG-5%

Household copper articles-5%

Iron stoves-5%

Iron-steel household articles-5%