All about GST
 
  GST Rate Structure        The GST council has lifted the veil from GST  rates across goods and services. Find out what rates will be applicable  on different goods and services.       GST council has made the much-awaited  announcements around tax rates on various categories of goods. After much of a hype for a while these rates are finally in public  domain.   Everyone is evaluating themselves as a result of this change. So in this article, we bring  you the GST rates.   We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. The tax structure for common goods are as under.   GST Rate Structure     Tax Rates  Products    5%  Edible oil,  sugar,  spices, tea, coffee (except instant)  Coal (instead of current 11.69%)  Mishti/Mithai (Indian Sweets)  Life-saving drugs    12%  Computers, Processed food    18%  Hair oil, toothpaste and soaps (currently at 28%)  Capital goods and industrial intermediaries (big boost to local industries)    28%  Small cars (+1% or 3% ce...
