Three accounts under each of them- SGST, CGST, IGST instead of maintaining current excise payable, CENVAT credit, VAT payable, VAT credit, Service tax accounts.
GST Rates & HSN Codes for Agricultural Tool,Cutlery,Razors,Knives - Agricultural implements manually operated or animal driven i.e. Hand tools, such as spades, Hand saws - Chapter 82
GST Rates & HSN Codes for Aircrafts, Satellites, Parachutes - Balloons and dirigibles, gliders and other non-powered aircraft, Other aircraft, Aircrafts for personal use - Chapter 88
GST Rates & HSN Codes for Aluminium Rods,Sheets,Articles - Aluminium alloys; such as Ingots, Billets, Wire-bars, Wire-rods, Aluminium waste and scrap - Chapter 76
GST Rates & HSN Codes for Animal Meat, Edible Offals Meat of bovine animals,Meat of swine fresh, chilled or frozen, sheep or goats, frozen and put up in unit containers
GST Rates & HSN Codes for Arms And Military Weapons - Military weapons other than revolvers, pistols, Revolvers and pistols, Other firearms and similar devices - Chapter 93
GST Rates & HSN Codes for Articles Of Apparel Etc - Articles of apparel and clothing accessories, Articles of apparel and clothing accessories - Chapter 62
GST Rates & HSN Codes for Article Of Artificial Flowers & Hair - Skins and other parts of birds with their feathers or down, Artificial flowers - Chapter 67
GST Rates & HSN Codes for Arts And Antiques - Original sculptures and statuary, Hand paintings drawings and pastels, Paintings, drawings - Chapter 97
Advantages – The pros of GST, classification has become easier, better compliances and tracking, single window clearances (SWC), complete set off of ITC, dual GST model.