Eye Share: The Cacophony of GST Rates

The GST was implemented in India with a multiple tax rate structure consisting of 0%, 5%, 12%, 18% and 28% with luxury goods being taxed in the highest slab. The rate of 28% applicable in India appears to be credited as the highest GST rate in the world. India appears to be amongst a very few countries, that has a separate GST slab for supplies of luxury.Mr. Vivek Sharma (Co-founder & Advocate, Sarvada Legal) emphasizes that automobiles, air conditioners, d...