Download the Latest Year GST Rates List PDF 2021 by PDFNOTES.CO
GST i.e. Goods and Services Tax is an important indirect tax system implemented in India from 1 July 2017, which has been described by the government and many economists as the biggest economic reform after independence.
GST Tax Rates on Goods – The GST legislation has a 4 tier tax structure for all goods. The proposed tax slabs are: 5%, 12%, 18% and 28%.
GST Tax Rates on Services – The GST tax rates imposed on services have the same 4 tier tax structure as goods do, 5%, 12%, 18%, 28%. It is notable to mention that the government has exempted healthcare and educational services from attracting GST.