GST Rates List 2021 PDF

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GST Rates List 2021

GST legislation has been in place from 1 July 2017. It was the biggest tax-related reform the country has seen, and it has eliminated a lot of cascading taxes that were levied previously. The GST legislation has suffered numerous modifications and attempts to improvement, and due to different recommendations from either states or some industries, the GST council revises every now and then the GST rates.

  • GST Tax Rates on GoodsThe GST legislation has a 4 tier tax structure for all goods. The proposed tax slabs are: 5%, 12%, 18% and 28%.
  • GST Tax Rates on ServicesThe GST tax rates imposed on services have the same 4 tier tax structure as goods do, 5%, 12%, 18%, 28%. It is notable to mention that the government has exempted healthcare and educational services from attracting GST.

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