Around 60 per cent items taxed under 12-18% GST rate

Essential items including food grains, vegetables exempted

by Janhavi Behere

The GST council approved rates for about 1,211 items on 18 May 2017. Assuring that the GST will not be inflationary, finance minister Arun Jaitley announced that around 60 per cent of the items will be taxed at either 12 per cent or 18 per cent. Taking into consideration the food consumed by the poor, food grains, cereals, milk, jaggery, fruits & vegetables have been exempted from the tax. Rates for gold and services will be decided today.

Item wise GST rates
Items Tax Rate(%)
Sugar, coffee, tea 5
Edible oil, Indian sweets 5
Coal 5
Butter, ghee, cheese, dry fruits 12
Hair oil, toothpaste, soaps 18
Mobile handsets 18
Iron & steel 18
White goods* 28
Cement 28
Cars  
    Petrol 28+1 (cess)
    Diesel 28+3(cess)
    Luxury 28+15 (cess)
Tobacco 28+ (cess range:71-204)
Note: *includes TV, refridgerator, AC, washing machine
GST rates on 1,211 items
Tax rate (%) No of items % share
0 85 7
5 170 14
12 206 17
18 521 43
19 230 19

References
1. http://economictimes.indiatimes.com/news/economy/policy/common-man-items-to-get-cheaper-under-gst-cars-consumer-durables-to-attract-28-tax/articleshow/58737392.cms
2. http://www.cbec.gov.in/resources//htdocs-cbec/gst/chapter-wise-rate-wise-gst-schedule-18.05.2017.pdf
3. http://www.cbec.gov.in/resources//htdocs-cbec/gst/gst-compensation-cess-rates-18.05.2017.pdf
CMIE STATISTICS
Unemployment Rate
Per cent
4.8 -0.0
Consumer Sentiments Index
Base September-December 2015
94.7 0.0
Consumer Expectations Index
Base September-December 2015
94.8 0.0
Current Economic Conditions Index
Base September-December 2015
94.6 0.0
Quarterly CapeEx Aggregates
(Rs.trillion) Jun 17 Sep 17 Dec 17 Mar 18
New projects 2.36 1.34 1.30 2.28
Completed projects 0.87 1.21 1.05 1.26
Stalled projects 2.67 0.69 0.95 3.35
Revived projects 0.23 0.34 0.22 0.18
Implementation stalled projects 0.77 0.78 0.59 1.05
Updated on: 22 May 2018 9:20AM
Quarterly Financials of Listed Companies
(% change) Jun 17 Sep 17 Dec 17 Mar 18
All listed Companies
 Income 9.6 7.9 11.9 10.9
 Expenses 9.9 9.0 12.9 18.6
 Net profit -19.8 -18.1 -14.0 -62.8
 PAT margin (%) 5.3 5.5 4.9 3.2
 Count of Cos. 4,493 4,481 4,445 993
Non-financial Companies
 Income 10.2 8.2 13.2 12.7
 Expenses 10.5 8.1 12.4 14.0
 Net profit -25.1 -6.0 12.6 2.8
 PAT margin (%) 5.2 6.2 6.4 9.3
 Net fixed assets 9.2 18.1
 Current assets 78.6 8.6
 Current liabilities 11.0 11.1
 Borrowings 10.4 -5.7
 Reserves & surplus 5.2 9.8
 Count of Cos. 3,471 3,456 3,443 784
Numbers are net of P&E
Updated on: 22 May 2018 9:20AM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.6 1.8 5.5 3.6
 Expenses 5.7 1.9 5.5 2.8
 Net profit 0.0 -10.0 25.8 9.8
 PAT margin (%) 3.1 2.8 3.6 10.0
 Assets 9.5 10.1 7.1 7.1
 Net worth 8.5 11.3 6.6 5.1
 RONW (%) 5.8 4.9 6.0 15.5
 Count of Cos. 25,791 23,882 21,156 37
Non-financial Companies
 Income 4.8 0.9 5.3 3.0
 Expenses 5.0 0.3 5.6 2.0
 Net profit -8.2 19.0 20.5 10.6
 PAT margin (%) 2.0 2.4 3.0 8.7
 Net fixed assets 13.4 17.3 6.1 2.7
 Net worth 7.0 12.0 5.3 3.6
 RONW (%) 4.7 5.2 6.1 17.0
 Debt / Equity (times) 1.1 1.1 1.0 0.2
 Interest cover (times) 1.9 1.9 2.1 16.2
 Net working capital cycle (days) 66 65 62 27
 Count of Cos. 21,034 19,996 17,659 28
Numbers are net of P&E
Updated on: 20 May 2018 10:09PM

Time-series available from 2007-08 onwards