P1 C3 Introduction To Goods and Service Tax — Account STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C3 Introduction To Goods and Service Tax3 Marks
Question
Mention three or four points regarding rate of $GST.$
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Answer
Rate of $GST$: Under the $GST$ Act, different tax rates are determined on the basis of necessity of goods and services. — These tax rates are decided keeping in mind the nature of goods, from basic needs to luxury needs. — The range of $GST$ rates is between $0 \%$ to $28\%.$ — All $GST$ rates are recommended -by the $GST$ council.
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