The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page. While navigating the intricacies of GST rates is essential for business success, access to adequate financing is equally crucial for fuelling growth and expansion. With Bajaj Finserv Business Loan, businesses can access tailored financing solutions designed to meet their unique needs. Starting May 2025, businesses with annual turnover up to Rs. 5 crore must report 4-digit HSN codes, while those exceeding this limit must use 6-digit codes. The GST portal now enforces this using mandatory dropdown menus, eliminating manual entry errors.

In some cases, the GST is paid directly to the government by the buyer or customer on a reverse charge basis. Sugared or sweetened aerated waters; flavoured non-alcoholic drinks; other unspecified non-alcoholic beverages; caffeinated beverages; carbonated fruit drinks and fruit juice beverages. Pig iron, ferro-alloys, direct reduced iron, ingots, semi-finished metal products, metal scrap, granules, and powders. This GST rates in India 2025 guide breaks down GST rate structures, latest changes, and item-wise tax lists to help you stay informed and compliant. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products.

List of Items Taxed at 0% GST Rate

Goods and Services Tax (GST) rates in India are crucial for every segment of the economy. Every time the GST Council meets, Indian enterprises and consumers alike are watching out for the next set of GST rate changes. India’s GST regime is undergoing a landmark transformation with the 56th GST Council meeting unveiling GST 2.0 – next-generation reforms simplifying tax slabs to 5%, 18%, and 40%. Effective from September 22, 2025, these reforms aim to ease compliance, boost consumption, and fuel economic growth. This rate applies to the value of the gold itself, including gold jewellery, coins, and articles. Additionally, there Chicken Road game is a separate 5% GST on the making charges when gold is sold as jewellery.

The GST framework, as defined by GST law, now features a simplified two-tier structure along with a special higher rate that replaces the previous cess system. Certain goods and services that were earlier subject to both GST and a compensation cess have now been grouped under a single 40% GST slab. This category includes luxury cars, aerated beverages, and select high-end motorcycles, aiming to simplify taxation and enhance transparency by removing the complexity of GST plus cess calculations. The 18% GST rate is now the new standard rate, applying to a wide range of goods and services.

• This rate applies to the value of the gold itself, including gold jewellery, coins, and articles.
• However, the special 0.25% GST rate for the gems and jewelry sector remains unchanged.
• Therefore, GST rate is prevalent under the CGST, SGST and IGST Acts.
• The GST Council introduced significant tax reforms effective September 22, 2025, simplifying various tax rates.

Value Added Services

This membership programme is designed for modern families who seek simplicity, flexibility, and elevated holiday experiences. Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone. Nil rated supply in GST implies sale of goods or services on which GST rate is 0%.

Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law. The GST rate on gold jewellery and gold biscuits or in any semi-manufactured form is 3% (IGST or both CGST and SGST 1.5% each) under HSN Chapter 71. The new rates prescribed are 5% GST for a wide array of handicraft items including woodcraft, embroidery, coir, pottery, glassware, bamboo and cane crafts, paintings, sculptures, etc. To operationalise the rate revisions and procedural relaxations approved in the 56th GST Council meeting, the Government has released a series of GST Notifications.