Lesson 1 of 3
What is GST?
Goods & Services Tax β replaced VAT, Service Tax, Excise.
Rates
- 0% β essentials (milk, books)
- 5% β basic (food grain, drugs)
- 12% β packaged food, computers
- 18% β most services, electronics
- 28% β luxury (cars, AC)
Lesson complete?
Mark this lesson as done and continue to the next one.