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GST Tax Rates for Goods at 3% as approved by GST Council

Chapter wise GST rates for goods at 3% as decided in the Goods and Services Tax Council Meeting. Download list of goods on which 3% GST shall be levied.

Recently, we have discussed about GST rates for Goods at 0.25% as approved by GST Council. Today, we shall know about the GST rates for Goods at 3% decided by the GST Council. The fitment of rates of goods were discussed on 18th May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir.

Note that GST rates has been revised for 66 items when the GST Council met on 11-06-2017.

The GST Council has broadly approved the GST rates for goods at 5%, 12%, 18% and 28% to be levied on certain goods. Other than this, gold and diamond jewelry will be taxed at a concessional GST rate of 3%, while rough diamonds will attract a only 0.25% levy.

The GST rate structure for goods have been notified. For convenience, goods have been organised rate-wise in schedules I to VII as sited below:

SCHEDULE I: List of Goods at Nil Rate
SCHEDULE II: List of Goods at 0.25% Rate
SCHEDULE III: List of Goods at 3% Rate
SCHEDULE IV: List of Goods at 5% Rate
SCHEDULE V: List of Goods at 12% Rate
SCHEDULE VI: List of Goods at 18% Rate
SCHEDULE VII: List of Goods at 28% Rate

List of Goods at 3% Rate as approved by GST Council

  • 7101 Pearls, natural or cultured, whether or not worked or graded but not strung, mounted or set; pearls, natural or cultured, temporarily strung for convenience of transport
  • 7102 Diamonds, whether or not worked, but not mounted or set [other than Non-Industrial Unworked or simply sawn, cleaved or bruted]
  • 7103 Precious stones (other than diamonds) and semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi-precious stones, temporarily strung for convenience of transport [other than Unworked or simply sawn or roughly shaped]
  • 7104 Synthetic or reconstructed precious or semi-precious stones, whether or not worked or graded but not strung, mounted or set; ungraded synthetic or reconstructed precious or semi-precious stones, temporarily strung for convenience of transport [other than Unworked or simply sawn or roughly shaped]
  • 7105 Dust and powder of natural or synthetic precious or semi-precious stones
  • 7106 Silver (including silver plated with gold or platinum), unwrought or in semi-manufactured forms, or in powder form
  • 7107 Base metals clad with silver, not further worked than semi-manufactured
  • 7108 Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 7109 Base metals or silver, clad with gold, not further worked than semi-manufactured
  • 7110 Platinum, unwrought or in semi-manufactured forms, or in powder form
  • 7111 Base metals, silver or gold, clad with platinum, not further worked than semi-manufactured
  • 7112 Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal.
  • 7113 Articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal
  • 7114 Articles of goldsmiths’ or silversmiths’ wares and parts thereof, of precious metal or of metal clad with precious metal
  • 7115 Other articles of precious metal or of metal clad with precious metal
  • 7116 Articles of natural or cultured pearls, precious or semi-precious stones (natural, synthetic or reconstructed)
  • 7117 Imitation jewellery
  • 7118 Coin

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