GST RATE IN COUNTRIES

ABOUT GST RATE IN DIFFERENT COUNTRIES:

Are-you-ready-for-GST-in-Malaysia-2The combined GST rate is being discussed by government. The rate is expected around 18% to 22%. After the Total GST Rate is arrived at, the States and the Centre will decide on the CGST and SGST rates.

GST Rates on Goods & Services  – to be based on Revenue Neutral Rate (RNR) There will be Four rates:

Merit rate for essential goods and services,

Standard rate for goods and services in general,

Special rate for precious metals, &

NIL rate

Current Rate of GST in some other countries are :

🏻Australia 10%,

🏻France 19.60%,

🏻Canada 5%,

🏻Germany 19%,

🏻Japan 8%,

🏻Singapore 7%,

🏻Sweden 25%,

🏻New Zealand 15% &

🏻Pakistan17%

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