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Goods and Services Tax in India. GST applies throughout India and is indirect tax. Moreover from now on GST replaces many taxes. Generally State and Central Governments levy taxes. But after many meetings, Finance Minister of India and Indian Government introduced GST on July 1st 2017. Government of India introduced Goods and Services Tax as The Constitution Act 2017..

There are total 5 GST tax rates. And these are 0%, 5%, 12%, 18% and 28%. Even there is special tax rate of 0. 25% on semi precious stones and rough precious stones. While there is 3% tax on gold. Luxury cars, aerated drinks and tobacco products have additional cess. This cess is of 15%.

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