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GST Rates 2017
Changes in GST Rates for Goods and IGST Rates on Imports of Goods. According to discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Shri Arun Jaitley on October, 2017, the following changes in GST prices for certain Goods and IGST prices on Imports of specified Goods have been advocated. GST New Rates on Certain Goods Decided on 06-10-2017 Again, if Rajesh sells products to trader in Delhi value INR 10,000, this being inter- state, the dealer will charge IGST in the rate of 18% and the total collected INR 1800 will proceed the central authorities and will afterwards be apportioned between the union and the countries on the recommendation of the GST Council. For Example:- Rajesh, a trader in Maharashtra sold products to Anand in Maharashtra worth INR 10,000.
The GST rate is 18% comprising of rate of 9% and rate of 9 percent, in this case the dealer collects INR 1800 and INR 900 will go to the authorities and INR 900 will go to the Maharashtra government. The prices of GST (CGST+SGST/UTGST) include Nil, 5 percent, 12%, 18% and 28%. These rates will apply to IGST also. Rate and CGST is forecast to be same. IGST is predicted to be equivalent to double the speed that was CGST. Thus if CGST and SGST is same, the IGST rate will be equivalent to the speed of SGST and CGST. Search GST Rate List in Excel Format and PDF Format with HSN Code List.
GST prices are finalised and here below we provide list of all GST Rates on Goods & Services Applicable from July 1st, 2017. Download GST Rates 2017 in PDF Format, We finally have the GST speeds out and a near certainty of implementation with effect from 1st July, GST Item Wise list available in PDF format for Download. GST Rates Finalised, GST Rate Slabs 12%, 18% & 28%. Following the total GST rate is arrived at the middle and state will decide on the CGST and SGST speed. Here you might check gst rates in india item wise in pdf format or tax rate list 2017 as accepted by GST Council in various meetings.
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