Cryptocurrency Q&A
What is the highest GST in the world?
What is the highest GST in the world?
Dreamchaser
Thu Nov 28 2024
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5 answers
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The user is inquiring about the highest GST (Goods and Services Tax) rate in the world. They want to know which country or region imposes the maximum GST on goods and services.
5 answers
EthereumEagleGuard
Sat Nov 30 2024
India has introduced a maximum GST rate slab of 28%, which stands as the highest among the more than 140 countries worldwide that have implemented the Goods and Services Tax (GST).
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Elena
Sat Nov 30 2024
This rate is significantly higher than many other countries, including Argentina, which has the second-highest GST rate of 27%.
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Dario
Sat Nov 30 2024
In comparison, the GST rate in the UK and France is 20%, while Singapore's GST rate is only 7%.
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BlockchainBaronGuard
Sat Nov 30 2024
The Indian GST tax slabs are structured into various rates, including 0%, 5%, 12%, 18%, and the aforementioned 28%.
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BitcoinBaron
Fri Nov 29 2024
These slabs are designed to cater to different goods and services, with the higher rates typically applied to luxury items and essential goods with higher tax incidence.
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