Goods and Services Tax (GST)

Council fixes 4-level GST rate structure I

  1. The GST Council finalised on Thursday a multiple-slab rate structure, including the cess, for the new indirect tax
  2. It will be levied at multiple rates ranging from 0% to 28%
  3. Ultra luxuries, demerit and sin goods, will attract a cess for a period of five years on top of the 28% GST
  4. On nearly half of the consumer inflation basket, including food grains, the GST will be at 0%
  5. The lowest slab of 5% will be for items of common consumption

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