INFOGRAPHIC: A stock investor's guide to GST rates

The GST Council met in Srinagar on May 18 and 19 and decided rates for most goods and services

The Goods and Services Tax (GST) Council met in Srinagar on May 18 and 19 and decided rates under the new indirect tax regime for most goods and services. In a report Kotak Institutional Equities said the rates did not show any major deviation from the current effective tax rates except in the case of a few consumer products.

Analysts feel the GST council has tried to mitigate the inflationary impact of GST by keeping rates for most items near or below the current effective tax rate. Also, it would be best to assume that most rate changes would be passed on to consumers. The Council will again meet on June 3 to decide rates for the few remaining goods.  

Here's a snapshot of the currently effective rates and their break up in comparison with the new GST rates and the companies in the listed universe that may get impacted: