New Delhi: After 17 tumultuous years, a nationwide Goods and Services Tax (GST) was launched, overhauling India’s convoluted indirect taxation system and unifying the $2 trillion economy with 1.3 billion people into a single market.
Although there are four-tier structure for taxation of services,—5%, 12%, 18% and 28%—most of the commodities fall in the 12% and 18% slabs. Here’s a list of items on which tax rates will change after the GST kick-in from July 1, 2017.
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