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
EPF Scheme 2026: Can Employers Suddenly Restrict PF Contributions to INR 1,800? A question is currently circulating across HR departments,… Read More
Can an Employer Introduce New Rules After Standing Orders Come Into Force? Many employers believe that once an organization grows,… Read More
Madras High Court on GST Fraud Notices under Section 74 – Key Takeaways The Madras High Court, in Fastenex Private… Read More
ITR Filing AY 2026-27: Eligibility, Documents Required, Due Dates & Penalties for Non-Filing Who Must File ITR for Assessment Year… Read More
Tax Dept introduced a new reporting field in Schedule Exempt Income for AY 2026-27 The Income Tax Department has introduced… Read More
Digital Personal Data Protection (DPDP) Act, 2023: Complete Compliance Guide, Requirements, Penalties & Implementation Framework The Digital Personal Data Protection… Read More