GST tax rates set at 5%, 12%, 18%, 28%!


(Last Updated On: June 1, 2017)
The GST Council has fixed the tax rate, moving a step ahead in materialising the dream to make India a single market from 1 April 2017.
The lowest rate of 5% would be for common use items while there would be two standard rates of 12% and 18% under the Goods and Service Tax (GST) regime targetted to be rolled out from April 1, 2017.
Luxury cars, tobacco and aerated drinks would also be levied with an additional cess on top of the highest tax rate.
 

CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.