APPLICABLE GST RATES AND EXEMPTIONS

GST is a value-added tax levied on goods and services in India.

The GST rates in India are divided into four slabs - 5%, 12%, 18%, and 28%.

Some goods and services are exempted from GST, such as healthcare, education, and certain agricultural products.

Other goods and services are taxed at a lower rate of 5% or 12%, such as essential commodities and hotel accommodation.

The standard rate of GST is 18%, which applies to most goods and services.

Luxury goods and services are taxed at a higher rate of 28%, such as cars, tobacco products, and air travel.

GST rates and exemptions are subject to change based on government policies and regulations.