Question

The GST has been rolled out by the Government of India on July 01, 2017. Different goods and services are classified under GST rates viz., 0%, 5%, 12%, 18% and 28%. Collect the information on GST from newspapers, media news, Internet and business magazines and classify the given goods and services five GST rates :

Answer 1

5% ---- on household necessity such as edible

oil, sugar,etc

12%----this includes computers and processed

foods

18%----hair oil,soaps etc

28%-----luxury items such as cars and AC