Rate of Gst
This query is : Resolved
CA Kushal Rawal
(Querist)
29 August 2016
What will be the rate for gst in india?
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
(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"
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"
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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