GST Slab Rates, 2024- All You Need To Know

GST Slab Rates 2024: All You Need To Know

GST Slab Rates, 2024 are essential for knowing the GST rates that are applicable on goods and services in the Financial Year 2024-25.

GST Slab Rates 2024: Major Changes

The GST Slab Rates, 2024 have seen major changes by way of the 53rd GST Council Meeting and 54th GST Council Meeting. Due to these major changes, some goods and services are cheaper, and some have become expensive. Accordingly, these changes are as follows: 

[wpdatatable id=341]

Kinds of GST Slab Rates: A Brief Overview

GST Slab Rates are commonly of 5 types namely: 
– 0% 
– 5% 
– 12% 
– 18% 
– 28% 

[wpdatatable id=295]

Apart from the above GST slab rates, the less used GST slab rates are 0.25% and 3%.  

Further, these GST slab rates are not applicable to Composition GST Taxpayers. The Composition GST taxpayers pay GST at a lower rate i.e., 1.5% or 5% or 6% of their turnover. In addition to this, there is also a concept of TDS and TCS under GST, whose rates are 2% and 1% respectively.  

GST Structure for Common Items in 2024

0% GST Slab Items

[wpdatatable id=289]

5% GST Slab Rate Items

[wpdatatable id=290]

12% GST Slab Items

[wpdatatable id=291]

18% GST Slab Items

[wpdatatable id=293]

28% GST Slab Items

[wpdatatable id=293]

GST Consultation with TaxHelpdesk

At TaxHelpdesk, we understand that multiple GST Rates can be exhausting for you. Therefore, our team of GST experts give personalized support to each of our clients which can help you in navigating the complex GST slab rates. With TaxHelpdesk, you can ensure accurate and timely GST compliance, allowing you to focus on your business while we handle the intricacies of taxation. 

Join TaxHelpdesk’s WhatsApp Community today for the latest updates, offers and lots of information!  Also, do not forget to follow us on FacebookInstagramLinkedIn and Twitter.

Disclaimer: The views are personal of the author and TaxHelpdesk shall not be held liable for any matter whatsoever!

 

Leave a Comment

Your email address will not be published. Required fields are marked *