Cryptocurrency Q&A
How much is GST price?
How much is GST price?
EthereumEagleGuard
Sat Aug 10 2024
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5 answers
991
Excuse me, could you please clarify for me the current price of GST? I'm trying to get a better understanding of the market trends and would appreciate it if you could provide me with the most up-to-date information. I'm particularly interested in the GST price as it relates to my investment portfolio and want to ensure that I'm making informed decisions. Thank you for your time and assistance.
5 answers
EtherWhale
Mon Aug 12 2024
The Goods and Services Tax (GST) system in India operates with a tiered rate structure for various goods and services. The most prevalent GST rates are 0%, 5%, 12%, 18%, and 28%, catering to a wide range of products and services.
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SsamziegangSerenadeMelodyHarmony
Mon Aug 12 2024
Among these, the 0% or nil-rated GST applies to essential items like fresh food and certain medical supplies, ensuring affordability for the masses.
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TaekwondoMaster
Mon Aug 12 2024
The 5% GST slab covers basic necessities and some services, reflecting a balance between revenue generation and consumer welfare.
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Michele
Mon Aug 12 2024
The 12% and 18% GST rates are applied to a broader spectrum of goods and services, including electronics, clothing, and hospitality, respectively, reflecting their varying levels of luxury and demand.
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Chloe_emma_researcher
Sun Aug 11 2024
The highest GST rate of 28% is levied on luxury items, sin goods, and certain services, such as air travel and telecom services, to discourage consumption and generate significant revenue.
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