Cloud Web-based ERP SaaS Software & GST
GST Rates in India
Goods and Services Tax (GST) is an indirect tax applicable throughout India which replaced multiple cascading taxes levied by the central and state governments. It was introduced as The Constitution (One Hundred and First Amendment) Act 2017, following the passage of Constitution 122nd Amendment Bill. The GST is governed by a GST Council and its Chairman is the Finance Minister of India. Under GST, goods and services are taxed at the following rates, 0%, 5%, 12% ,18% and 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a cess of 15% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products.
The GST rate structure for goods have been notified.
LIST OF GOODS AT NIL RATE
LIST OF GOODS AT 0.25% RATE
LIST OF GOODS AT 3% RATE
LIST OF GOODS AT 5% RATE
LIST OF GOODS AT 12% RATE
LIST OF GOODS AT 18% RATE
LIST OF GOODS AT 28% RATE
RATE OF GST ON GOODS Click Here: http://www.cbec.gov.in/resources//htdocs-cbec/gst/goods-rates-booklet-03July2017.pdf
Cloud Based GST Software - http://www.actouch.com/free-gst-software/