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

 

  1. Tax Practical
  2. GST - Goods and Services Tax, India

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.