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Economy

Over 200 tweaks in GST create confusion

Updated : September 06, 2018 07:36 AM IST

The GST replaced more than a dozen central and state tariffs, duties and fees levied - often at different rates across India's 29 states - into a single tax.
All goods and services have been put into one of five tax brackets ranging from 0 percent on food products to 28 percent and above on luxury goods such as sports utility vehicles and "sin" goods like cigarettes. Other goods and services are taxed at 5, 12 and 18 percent.
The government has yet to issue its standard form for tax return applications for the fiscal year that ended in March.
Over 200 tweaks in GST create confusion

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