Question

which items are taxeble under GST ?
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Answer 1

Answer:

SGST –State GST

IGST –Integrated GST

At the time of GST implementation former Finance Minister, the late Mr. Arun Jaitley said that the government wanted to keep the GST rates close to the original rates. But there were differences in case of some items because of the changes in the economy as well as customer preferences. Some commodities were kept in the high tax bracket (18-28%) but on scrutinizing the list, they found that these commodities should be considered as necessities and not luxuries. This is why the GST rates were revised for commodities such as notebooks, exercise books,

Explanation:

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Answer 2

Answer:

5%= household necessities such as edible oil, sugar, spices,tea and coffee(except instant) are included. Coal methai (indian sweets) and life saving drugs are also covered under this GST slab.

12%= This includes computers and processed food.

Explanation:

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