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A unique lingual code is given for recognition of each class called HSN Code under GST for goods and SAC under GST for services. Download HSN Code list.

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While details of GST Rates have not been announced, essential items may be taxed at zero rate. Read more for estimated GST Rates and their impact.

The Goods and Services Tax (GST) will be levied at several rates ranging from 0 to 28 percent. GST Council has finalised a four-tier GST tax structure of 5 percent, 12 percent, 18 percent and 28 percent, with lower rates for essential items and the highest for luxury and ‘demerit’ goods that would also attract an additional cess.

#gst updates #gstrate #gst tax #gst india

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