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Lesson 1 of 3

GST basics in 10 min

10 min

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)

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