What are final GST rate slabs?
Monday, June 5, 2017, 10:37 AM
The GST will be levied at multiple rates ranging from 0% to 28%. GST council has finalized a four-tier GST tax structure of 5%, 12%, 18% and 28%. Highest tax slab will be applicable to items which are currently taxed at 30-31% (excise duty + VAT). Ultra-luxuries, demerit and sin-good, will attract a cess for a period of five-years on top of 28% GST.