For goods, a four rate tax structure has been agreed which is tabulated as follows.


Particulars 

Rate 

Nil rated goods
  • 0%
Lower rate (Items of mass consumption)
  • 5%
Standard rate
  • 12% / 18%
Higher rate (Demerit goods)
  • 28% plus Cess


Pursuant to the meeting on 18 May, the GST Council has approved the rates for goods as per the classification of goods. Similarly, the rates for services were approved on 19 May by the GST Council.


With respect to services provided by FedEx, the GST rates will be:

  • Courier services – 18%
  • Goods Transport Agency Services – 5% (payable by the recipient under reverse charge)
  • Warehousing services – 18%
  • Customs clearance – 18%