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Question
Which among the following is not a tax slab under the GST regime in India?
Which among the following is not a tax slab under the GST regime in India?
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Solution
The correct option is A 6%
The Goods and Service Tax (GST) comprises four different tax rates: 5%, 12%, 18%, and 28%. Essential goods and services are included in the lower brackets of the GST, while luxury goods and services belong in the higher tax bracket. Besides, there are certain goods like cereals, fish, raw silk, coffee beans, hearing aids, etc., which attract 0% tax under the GST regime.
The Goods and Service Tax (GST) comprises four different tax rates: 5%, 12%, 18%, and 28%. Essential goods and services are included in the lower brackets of the GST, while luxury goods and services belong in the higher tax bracket. Besides, there are certain goods like cereals, fish, raw silk, coffee beans, hearing aids, etc., which attract 0% tax under the GST regime.
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