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Rate of Gst

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(Querist)
29 August 2016 What will be the rate for gst in india?
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ACA Anurag

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ACA Anurag (Expert)
29 August 2016 Dear kushal, As per understanding from the draft and the state discuss it seems that it would be around 17%. Hope your query is resolved Kindly like if my response has helped you
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 August 2016 Basically try to understand that the GST will be having a DUAL structure.....
CGST.....central GST
SGST....State GST
The central govt is likely to levy 10%
The respective States will notify their rates through schedule
GST is DESTINATION based
It is applicable on "transaction value"
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
02 September 2016 The rate is yet to be decided. Most probably there will be different rates for different categories
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