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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.
| Size | 0.20 MB |
| Total Pages | 7 |
| Format | FILE |
| official website | www.gst.gov.in |
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.