Question 1

What are the GST Rates in India?

Accepted Answer

The GST rate levied depends on the type of service purchased. The basic tax rate is anywhere from 5- 12 per cent, whereas the tax on luxury purchases and leisure services can be in the 18- 28 per cent range.

Question 2

How has the introduction of GST helped the Government?

Accepted Answer

The Goods and Service Tax is a game-changer in that it has led to the creation of a uniform indirect tax payment channel. Besides bringing uniformity to indirect tax payment, the GST has also helped the Government curb tax evasion on the part of taxpayers, increasing the taxpayer base and improving the logistics and distribution systems in the country.

Question 3

How does GST benefit Indian businesses and taxpayers?

Accepted Answer

GST has helped remove the cascading effect of multiple taxes at different stages in the supply chain. It has redefined the treatment of e-commerce activities in India and helped regulate the unorganised sectors.

Goods And Service Tax Payment

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Goods And Service Tax Payment

Frequently Asked Questions

Related Links

Savings Account

Samsung Pay

Airtel Broadband Bill Payment

Online Electricity Bill Payment

Open digibank Savings Account & get ₹250* Amazon voucher

Our Products

Need Help?

Interest Rates & Calculators

Others

Download digibank

Useful Links

Markets

Airtel Broadband
Bill Payment

Online Electricity
Bill Payment