GST Tax Rates in India
The Goods and Services Tax (GST) in India operates on a multi-tiered rate structure. The standard GST tax rates applicable to most goods and services are:
- $5\%$
- $12\%$
- $18\%$
- $28\%$
These rates are designed to cover a wide range of products and services, aiming for a simplified indirect taxation system.
Additionally, certain essential goods are exempted (effectively a $0\%$ rate), and some items fall under special rates or are outside the GST ambit.
Based on the standard applicable slabs, the four main tax rates are $5\%, 12\%, 18\%,$ and $28\%$.
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