4 types of Goods and Services in India for GST rate

 

Click here to know GST rates in India under 5 slabs

 

4 types of Goods and Services in India for GST rateTypes of categories under GST rate

 

The GST tax is levied based on Revenue Neutral Rate (RNR). For the purpose of imposing GST tax in India, the goods and services are categorised in to four.


These 4 categories of goods and services are as follows:



Exempted Categories under GST in India.

The GST and council and other GST authorities notifies list of exempted goods. Such goods are not fallen under payment of GST tax. The authorities may modify or amend the list time to time by adding deleting any item if required by notification to public.


Essential Goods and Services of GST in India

Essential category of goods and services are charged very lower GST rate. Essential goods and services are the goods and services for necessary items and items under basic importance.


Standard Goods and Services for GST in India

A major share of GST tax payers falls under this category of Standard Goods and Services. A standard rate of GST is charged against the goods and services under this category.


Special Goods and Services for GST tax levy

Under special category of goods and services, GST rates would be high. Precious metals including luxury items of goods and services fall under special Goods and Services for GST rate implementation.

 

 

 

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Comments


DHANPAL SINGH: The GST tax is levied based on Revenue Neutral Rate (RNR). For the purpose of imposing GST tax in India, the goods and services are categorised in to four. These 4 categories of goods and services are as follows:

Darshan: GST Calluculated On import expoprt treat 4 Categories for the services in india how to Compute

S.UDAYABHASKAR: SIR APPLIED FOR GST REGISTRATION.GOT ARN NUMBER TO MY MOBILE. BUT NOT RECEIVED ANY PASSWORDS TO REGISTERED E-MAIL. WHAT I HAVE TO DO

kuldeep sharma: Nice knowledge for me

Dinesh Kumar: Would manufacturing state not get any GST?

somnath Naskar advocate: dta is applicable

DEEPAK JOSHI: HOW TO TAKE CARE OF GST .CAN YOU PLEASE GUIDE ME MORE

m r: how many tex fartilizer seed insecticides

Cb gurung: I learn igst cgst sgst

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