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Four-tier GST rate structure of 5, 12, 18, 28 percent has been announced by the GST Council in addition to zero rated goods

Goods and Services Tax - GST - Dated:- 3-11-2016 - New Delhi: In the latest, four-tier GST rate structure of 5, 12, 18, 28 percent has been announced by the GST Council. Zero-tax rate will be applied to 50 percent of items in CPI basket, including fo .....

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cent, said Jaitley. Furthermore, additional revenue from highest tax slab is to be used to keep essential use items at 5% and transferring common items to 18%. The long-delayed tax, which would transform Asia s third largest economy into a single mar .....

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ext spring, are steeper than the rates of 6, 12, 18 and 26 percent earlier proposed by the government. There was a broad consensus on four rate slabs, Haseeb Drabu, state finance minister for Jammu & Kashmir told reporters after attending the GST .....

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