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)

 

  1. Indirect Tax
  2. Vat

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 9 years. He also provides Accounts Tax GST Training in Delhi and Pune.