There are Different Rates of Taxes in GST like
- 28% (Example-Motor Cars)
- 18% (Example-Power banks,Movie Tickets more than 100)
- 12% (Example-,Movie Tickets upto 100)
- 5% (Example Clothes upto Rs 1000)
- 3% (Example Gold)
- 0.25% (Example Diamonds)
- 0% (Example Fruits)
All these are equally divided into CGST AND SGST in case of local Sales
However,in Interstate Sales,IGST will be charged at Combined Rate
| TAX RATE ON GOODS | LOCAL SALES | INTERSTATE SALES | ||
| ITEM RATE | CGST | SGST | TOTAL | IGST |
| 28% | 14% | 14% | 28% | 28% |
| 18% | 9% | 9% | 18% | 18% |
| 12% | 6% | 6% | 12% | 12% |
| 5% | 2.50% | 2.50% | 5% | 5% |
| 3% | 1.50% | 1.50% | 3% | 3% |
| 0.25% | 0.125% | 0.125% | 0.250% | 0.25% |
| 0% | 0% | 0% | 0% | 0% |
T ax Rate on Services
it is normally 18%
However for some services,different rates are prescribed
Example
For Restaurant,Rate is 5%
Get complete list here
Do we need to Learn GST Rate s?
No
It is not practically possible to learn each and every rates
We just need to know what is rate of tax which is applicable for our company
