Civil Procedure Code (CPC)

Goods and service tax in four slabs

Lawyer/Legal

GST Council has taken a step ahead towards making GST a reality. They have lifted veil from the most awaited part of GST i.e. the tax rates. They have introduced the following rates:

  1. 0% – Food grains of high public consumption and which contributes to almost 50% of the inflation index;
  2. 5%-12%-18% – other Goods and services
  3. 28%- white goods like AC, washing machine and the likes
  4. 40%& 65%- aerated drinks, Pan Masala, Tobacco products , high cars and other luxury items

GST will promote compliance through e-compliance tools for managing the compliances and promote tax governance.



Attached File :
  • downloaded 108 times
  •  
     
    Lawyer

    Thanks for sharing it.

     
    Reply   
     


    LEAVE A REPLY


        

    Your are not logged in . Please login to post replies

    Click here to Login / Register  



     

      Search Forum








    ×
    Post a Suggestion for LCI Team
    Post a Legal Query
    Civil Litigation Course     |    x