Tag Archives: GST Rates

Quick guide to India GST rates in 2017

A quick guide to India GST rates in 2017 The GST Council, the apex decision-making body for the new tax, has fixed the tax framework under the Goods and Services Tax (GST) which is to be rolled out this July 1. Tax rates have been finalised for 1,211 items with a majority of items being… Read More »

GST Rates approved by GST Council

GST Rates approved by GST Council (India) The GST Council announced the GST Rates on 03.11.2016  and here is a snapshot of the announcements made today: Essential items including food  : Zero Rates Common use items  : 5% Other Items : Standard Rate of 12% and 18% luxury goods : 28% Luxury cars, tobacco and… Read More »

Decision on GST rates to be taken next month-GST Council meeting :

GST: Centre, states put off decision on rate to next month “We have converged towards a consensus, announcement will be made after next GST Council meeting. Two standard rates of 12 per cent and 18 per cent under discussion,” said Jaitley. Union Finance Minister Arun Jaitley on Wednesday said the rate structure for Goods and Services… Read More »