1 Anonymous Asked: February 8, 20212021-02-08T07:59:39+00:00 2021-02-08T07:59:39+00:00In: GST What is GST with example? 1 Share Facebook 1 Answer Voted Oldest Recent Sumit Upadhyay 2021-02-08T09:04:56+00:00Added an answer on February 8, 2021 at 9:04 am GST – Goods and Service Tax is a single indirect tax for the entire country. It has subsumed different indirect taxes (VAT, Service Tax, etc.) GST is levied at every point of sale. For intrastate transactions, CGST and SGST are charged, and for interstate transactions, IGST/UTGST is charged. GST rates are divided into four slabs: 5%, 12%, 18%, and 28%. For example, the rate of GST for Walnuts, whether or not shelled is 5%. You can search GST rates here – https://www.mastersindia.co/gst/hsn-code-search/ 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.