Some facts about GST
GST-Goods and Services Taxes
- In- Direct tax
- The Constitution Act 2017
- Governed by GST council
- 21 Members committee
- All states and Union Territories except J&K
- Chairman- Finance Minister of India
- Tax rate -0%,5%,12%18%,28% on goods and services
- 0.25% on precious and semi-precious stones (special rate)
- 3% on gold (special rate)
- No GST on sales and purchase of securities
- Date of launching -01/07/2017
Sum of these taxes
- Central Excise Duty
- Commercial Tax
- Value Added Tax
- Food Tax
- Central Sales Tax
- Entertainment Tax
- Entry Tax
- Purchase tax
- Luxury Tax
- Advertisement Tax
- Contact us
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