A Comprehensive Guide to the Prevailing GST Rates on Supply of Various | Legal Terminus

The GST return filing process in India involves applying the correct GST rates to the supply of goods and services. The government has specified different rates for various categories:

1) 5% GST Rate: Applicable to essential goods and services such as household items, medicines, and transport services.
2) 12% GST Rate: Applied to goods and services that are moderately taxed.
3) 18% GST Rate: This is the most common GST rate applied to a wide range of goods and services.
4) 28% GST Rate: Applicable to luxury goods and services.
5) 40% GST Rate: Primarily applicable to specific luxury and sin goods, although this rate is not commonly used.

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