Huang, Chye-ChingSocial Science Electronic Publishingvan Klink, A. (2012). How to zero-rate the GST on food: best and worst practice from the United Kingdom, Canada and Australia. New Zealand Journal of Taxation Law and Policy 18, 276-302....
Processed food items (e.g., fruit juices) Computers Ayurvedic medicines Sewing machines Low-cost hotels (₹1,001-₹7,500) 18% Standard rate for most goods and services Financial services and insurance Telecom services IT services Restaurant services (non-AC) ...
The GST Council determines the rate slabs of the GST rate slabs. The GST Councilreviews the tax slabs for goods and services on a regular basis. Rates aretypically high for luxury items and low for necessities. In India, the GST taxrates for numerous commodities and services are split into...
Full List of 177 items with updated GST Tax rate at 18%: Item 1704 Description of Goods Chewing gum / bubble gum and white chocolate, not containing cocoa Cocoa butter, fat and oil Cocoa powder, not containing added sugar or sweetening matter Chocolates and other food preparations containing ...
List of 18% GST rate items as per schedule III approved in the Goods and Services Tax Council meeting. IGST @ 18%, CGST @ 9%, SGST/ UTGST @ 9%.
Generally, essential products such as basic food items, electricity up to 300 units, treated water for domestic consumption and essential medicines are zero-rated. In order to ensure Malaysian products and services are competitive outside of Malaysia, exported goods and se...
Things to note on the GST rate change from 8% to 9% on 1 Jan 2024 When you are required to charge GST at a rate of 9% on supplies made on or after 1 Jan 2024, it is important to include this 9% GST in your GST return, regardless of whether you have already received the payme...
No rate of GST on ceramic Earthen pot and clay lamps Glass and glassware Bangles (except those made from precious metals) fall under GST exempted items No GST payable for sale of Agricultural implements manually operated or animal driven
Comparative charts that the ministry disclosed indicate that the GST has made a living more comfortable by reducing the expenses on food items and mass consumption goods. Under GST there is no tax on food items like unpacked wheat, rice, curd, and lassi, which previously fronted taxes of 2.5...
A rate of 0.25% applied to cut and semi-polished stones. A 5% tax on household necessities such as sugar, spices, tea, and coffee. A 12% tax on computers and processed food. An 18% tax on hair oil, toothpaste, soap, and industrial intermediaries. ...