Find Out The Revised GST Rates For The Year 2022
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GST means Goods and Service Tax. It is a multi-stage taxation system that applies to the sale of goods and services. GST aims to remove the cascading effect of other forms of indirect taxes. It is applicable throughout India. The GST implementation is headed by the GST council of India. They are the decision making authority for its implementation and changes in the tax rates from time to time.
In India, the GST rates have been divided into four different groups for various goods and services. The different slabs for GST rate are 5%, 12%, 18% and 28%. A change in GST has a direct impact on various industries and consumers. In this article, we list down the latest changes in the GST slab rates on various goods and services made by the GST council.