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What is the rate structure proposed under GST?

Question 12 - Draft-Bills-Reports - Frequently Asked Questions (FAQ) GST - Goods and Services Tax - Question 12 - Q 12: Ans: The Empowered Committee has decided to adopt a two-rate structure -a lower rate for necessary items and items of basic import .....

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ed whether the exempted list under VAT regime including Goods of Local Importance may be retained in the exempted list under State GST in the initial years. It is also being discussed whether the Government of India may adopt, to begin with, a simila .....

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