Vat classification in gst

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

05 January 2017 Dear Experts
Pls clarify. As of Now i am trading into 5% and 14.5% vatable goods. In GST weather All goods will be cover by 18% or by different percentage classification

Regds
MUKUL

Subramanya

Subramanya (Expert)
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05 January 2017 Hi Mukul,

In GST regime, 5 tax slabs defined i.e, Exempt, 6%, 12%, 18% and 28%. These rates are based on HSN/SAC code, which is not yet finalized and defined in HSN/SAC list. Once list is available, based on HSN/SAC, you can find GST rate for the commodity which you are trading.

With regards

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