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What is the GST percentage?

Subin VR, Chartered Accountant,FCA, DISA (ICAI)

Answered on February 28,2023

In India, there are different GST (Goods and Services Tax) rates applicable depending on the type of goods or services being supplied. The GST rates in India are broadly categorized into four slabs:

0% GST rate: This applies to certain essential goods and services such as milk, fruits, vegetables, grains, etc.

5% GST rate: This applies to certain goods and services such as packaged foods, textiles, hotels with tariff below INR 1,000, etc.

12% and 18% GST rates: This applies to most goods and services, including consumer durables, processed food, hotel with tariff between INR 1,000 and INR 7,500, etc.

28% GST rate: This applies to luxury items and demerit goods such as cigarettes, aerated drinks, high-end cars, etc.

Additionally, there are certain items that are exempt from GST, such as certain healthcare services and basic groceries.

It is important to note that the GST rates in India are subject to periodic revisions based on the recommendations of the GST Council, which is a body comprising representatives from the central and state governments. Therefore, it is advisable to consult the latest updates from official sources to determine the applicable GST rates for your specific goods or services.

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