If the cost of apparel and footwear is less than 1,000, a 5% GST rate is applied, while the standard GST rate for textile products is 12%. Frequently Asked Questions 1. What are the four GST types? The Central Goods and Services Tax, the State Goods and Services Tax, the Union ...
MRP includes all the taxes and sellers are not liable to charge more over and above the mentioned price on the products. Manufacturers and sellers are only allowed to sell at a lesser price than MRP and offer a discount on MRP for particular products. After the implementation of GST, in so...