GST Council approved a four-tier GST tax structure of 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess. Goods and Services Tax is a proposed system of indirect taxation in India merging most of the existing taxes into single system of taxation.
Monday 7 November 2016
GST Council approves 4-tier rate at 5%,12%, 18% and 28%
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment