ABOUT GST RATE IN DIFFERENT COUNTRIES:
The 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%
You may like a few other posts
GST Return compliances calendar- Nov 2020
SALIENT FEATURES OF NEW GST SYSTEM IN INDIA
Key points of 42nd GST council Meeting headed By FM N. Sitharaman
FOR FURTHER QUERIES CONTACT US:
E: singh@carajput.com 9-555-555-480
Why OIDAR is treated differently under GST Online Information Database Access and Retrieval (OIDAR) refers to services delivered over the… Read More
Smart Term Insurance Picks for the Self-Employed Being self-employed is like walking a tightrope; you enjoy the thrill of independence,… Read More
FADA : Rs. 2,500 Cr Loss Risk from Compensation Cess Credits in GST 2.0 Transition The Federation of Automobile Dealers… Read More
Complete Guide to CA Articleship (2024-25) CA Articleship is the most important phase after clearing CA Intermediate. This training bridges… Read More
Statutory Compliance Calendar – September 2025 5th September : SEZ: MPR filing. 7th September FEMA: ECB 2 Return. Income Tax: TDS/TCS… Read More
Crypto F&O in India: Must Know About - How to Report in ITR? As Indian investors dive into crypto derivatives,… Read More