BANKING AFFAIRS

Detailed explanation-1: -The primary GST slabs for any regular taxpayers are presently pegged at 0% (nil-rated), 5%, 12%, 18% & 28%. There are a few lesser-used GST rates such as 3% and 0.25%. Also, the composition taxable persons must pay GST at lower or nominal rates such as 1.5% or 5% or 6% on their turnover.

Detailed explanation-2: -GST rates in India for various goods and services are divided into four slabs: 5% GST, 12% GST, 18% GST, and 28% GST. Since the inception of the Goods and Services Tax, the GST council has revised the GST rates for various products several times (GST).

Detailed explanation-3: -GST council also imposed GST on Services with the same 4-tier tax structure as of goods. GST rates on services comprising of 5%, 12%, 18% and 28% come with various pros and cons for the consumers.

Detailed explanation-4: -2022. List of Goods with 12% Goods and Services Tax Rate are listed below. Dates (soft or hard), figs, pineapples, avocados, guavas, mangoes (other than mangoes sliced, dried) and mangosteens, dried. Tender coconut water pre-packaged and labelled.

Detailed explanation-5: -GST rates in india for various goods and services is divided into four slabs: they are at present 0% (nil-rated), 5%, 12%, 18%, & 28% GST. The GST rates for various products have been revised several times by the GST council since the inception of the Goods and Services Tax (GST).