GST India Solution

Ask a Query

Client Login

Welcome GST India Solution

4 Rates of tax

4 Rates of tax

(1) The rates of tax payable on the taxable turnover of a dealer shall be-

(a) in respect of goods specified in the Second Schedule, at the rate of one paisa in the rupee

(b) in respect of goods specified in the Third Schedule, at the rate of four paise in rupee;

(d) in respect of the goods involved in the execution of the works contract, at

the rate of twelve and a half paise in the rupee; and]

[PROVIDED that tax shall be paid at the rate of 6[five] paise in the rupee

of the turnover of the dealer pertaining to declared goods, as defined from time to

time in the Central Sales Tax Act, 1956 (74 of 1956), involved in the execution of

works contract if such goods are transferred from the contractor to the contractee in

the same form in which they were purchased by the contractor:

PROVIDED FURTHER that in respect of the works contracts which are

in the nature of printing works, the rate of tax shall be 7[five] paise in the rupee.]

[(e)] in the case of any other goods, at the rate of twelve and a half paise in the rupee: PROVIDED that the rate of tax on packing materials or containers shall be the same as the rate at which the goods sold are chargeable to tax.

(2) The Government may, if it deems necessary, reduce the rates of tax as specified in subsection

(1), by a notification to that effect in the official Gazette.

GST RATES FINDER GST ACTS BOOK (DECODING GST) GST RULES GST PROVISIONAL REGISTRATION MODEL GST LAW LEVY OF TAX

Latest Articles

<--

WHAT IS GST?

GST i.e.Goods and Service Tax is a unified tax that replaces several indirect taxesleviedby the Central Government and the State Government(s)....

-->

BASIS OF CHARGE OF GST- SUPPLY

In pre-GST regime, goodswere liable to: (i) Excise Duty- on manufacture of goods; (ii) VAT/CST- on sale of goods; (iii) Entry tax- on ...

WHO IS LIABLE TO PAY TAX

GST is levied on every taxable person. Taxable person means a person who carries on any business at any place in India. Such . ..

WHAT IS TAXED UNDER GST

GST is a unified tax which is levied on: (i) goods; (ii) services and (iii) a mix of goods and/or services. Any supply of goods or services . .. ...

Who We Are

GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .