GST Rates 2017

The introduction of Goods and Services Tax (GST) would be a very
significant step in the field of indirect tax reforms in India. By amalgamating a
large number of Central and State taxes into a single tax, it would mitigate
cascading or double taxation in a major way and pave the way for a common
national market. From the consumer point of view, the biggest advantage
would be in terms of a reduction in the overall tax burden on goods, which is
currently estimated to be around 25%-30%. Introduction of GST would also
make Indian products competitive in the domestic and international markets.
Studies show that this would have a boosting impact on economic growth. Last
but not the least, this tax, because of its transparent and self-policing
character, would be easier to administer.

Functionalities on this App
-Check rates Chapter wise of All Goods And products.
-Check rates percentage wise of All Goods And products.
The GST is a Value added Tax (VAT) and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level.
It will replace all indirect taxes levied on goods and services by the Indian Central and State governments.
The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure.
This app has important information about GST Bill in Hindi language.
The impact of GST bill in India has also been described in this app.
Some of the points about GST Bill that this app has
What is GST Bill?
Advantages of this.
Why GST is so important?
impact of this bill on common man.
Impact of GST on Businesses etc.
The General Service Taxation (GST) scheme known as the Goods and Services Tax (GST) is an indirect tax throughout India to replace taxes levied by the central and state governments. It was introduced as The Constitution (One Hundred and First Amendment) Act 2017, following the passage of Constitution 122nd Amendment Bill. The GST is governed by GST Council and its Chairman is the Finance Minister of India. Under GST, goods and services will be taxed at the following rates, 0%, 5%, 12%, 18%, 28%. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold.
The following taxes will be bound together by the GST:
Central Excise Duty
Commercial Tax
Value Added Tax (VAT)
Food Tax
Central Sales Tax (CST)
Introit
Octroi
Entertainment Tax
Entry Tax
Purchase Tax
Luxury Tax
Advertisement tax
Service Tax
Customs Duty
Surcharges.
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