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Normally following rates are applicable

Rate

Example of goods

0%

Natural Products,plants,salt,National flag

1%

Gold,bullion,jewellery

5%

Medicines,agricultural and industrial input

12.5%/13.5%

All other goods not falling in any other list taxable at 12.5% (13.5% in some states)

 

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 6 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com.
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