What is the rate of GST on petrol?

The value received by the applicant after giving the treatment of rate difference would be considered as price for arriving at the “transaction value” for the purpose of payment of GST in terms of Section 15(1) of the CGST Act.

The rate of GST reduced from 18% to 12% on supply of machine job work such as in engineering industry, except supply of job work in relation to bus body building which would remain at 18%.

17%GST is a value added tax (VAT) used in Pakistan. The standard rate of GST in Pakistan is 17%.

18%GST rate on consultancy services : Consultancy services attracts 18% of GST Rate. Consultancy can be of any nature related to healthcare, finance, investments etc. Though there are five slab rates, but consultancy services falls under 18% slab only. Other GST slabs are 0%, 5%, 12%, 18% and 28%.

18%In the 39th meeting of the GST council headed by the Finance Minister Nirmala Sitharaman on March 14, 2020, several major decisions were announced.

The biggest among all is the hike of GST on Mobile phones and a few specified parts.

It will now attract a GST of 18% which was earlier in the GST tax slab of 12%..

Transport of goods and passengers by rail will attract 5% tax under GST. Although it seems more than the current effective service tax of 4.5%, the effective GST liability will go down thanks to the mechanism of input tax credit which is now available on rail transport.

18%The goods and service tax is leviable on legal services as well as accounting services. The GST rate applicable is 18%.

Electricity bills can have a goods and services tax (GST) component at times. Non-tariff charges, which include application fee for releasing connection, rentals charged against metering equipment and labour charges for shifting of meters and service lines, are liable to taxed at 18% under the GST.

GST is tax on goods and services. The GST rate is 15%.

18%Mobile phones will attract an 18% goods and services tax (GST) rate from April 1, 2020, up from existing 12%, after the GST Council corrected the inverted duty structure that was being faced by the industry.

5%GST rate on restaurants was slashed to 5% from 18% in November 2017. While levying of 18% allowed them to claim input tax credit, under the 5% rate, they can't do that.

18%The GST cut has also been pushed by the ministry of electronics and IT to the finance ministry. At present, televisions up to 32-inches have 18% GST while those beyond 32-inches are taxed at 28%.

Refrigerator, washing machine, small screen TV, storage water heaters, paints and varnishes, will henceforth attract 18% GST as against 28% at present. Tax rate on ethanol has been slashed to 5% from 18% at present. Footwear costing up to ₹ 1,000 will now attract 5% GST.

a 5% GSTRestaurants are now levied a 5% GST, but they can't claim the input tax credit against the tax they paid on raw materials and other expenses like rent.

It is recommended to Job Workers to charge 12% GST on supplies made to Registered Principals and 18% GST on supplies made to Unregistered Principals.

5%The Canada sales tax (GST) rate is currently 5%. In Canada, some provinces charge a rate on top of the GST rate. The total rate for a location can include GST only, HST (Harmonized Sales Tax) only, or a combination of GST and PST (Provincial Sales Tax).

Major construction material, capital goods and input services used for construction of flats and houses attract 18% GST, while cement attracts 28%tax. Prior to GST rollout, under-construction housing projects attracted 4.5% service tax and a value added tax (VAT) of 1-5% depending on the state.

The GST rate in India for various goods and services is divided under 4 slabs; these are 5% GST, 12% GST, 18% GST, and 28% GST.

5%The 5% GST is applicable to making charges of the gold jewelry. Making charges for gold jewelry can be either in the form of a fixed percentage on the value of gold or a fixed charge.

0.25%Currently five different GST rates are applicable on goods. These are 0.25% (eg....Ans.Transaction Value per unit per day (Rs.)GST RateRs. 1000 and lessNilRs. 1001 to Rs. 750012%Rs. 7501 and more18%Apr 23, 2020

GST Rate & HSN Code for Men & Women Clothing - Chapter 61HSN CodeDescriptionRate (%)61Articles of apparel and clothing accessories, knitted or crocheted, of sale value not exceeding Rs. 1000 per piece561Articles of apparel and clothing accessories, knitted or crocheted, of sale value exceeding Rs. 1000 per piece122 more rows

5%Transport of goods and passengers by rail will attract 5% tax under GST.

Although it seems more than the current effective service tax of 4.5%, the effective GST liability will go down thanks to the mechanism of input tax credit which is now available on rail transport..

At present, here are the applicable rates on purchasing new gold jewellery: 10% Customs Duty on imported gold. 3% GST on the price of gold used in the jewellery. 5% GST on the making charges.

11, (i) Services of goods transport agency (GTA) in relation to transportation of goods (including used household goods for personal use) (Heading 9965 &9967 respectively) attracts GST @2.5% or 6% CGST. Identical rate would be applicable for SGST also, taking the effective rate to 5% or 12%.

28%The rate for each household electronic appliance like the fridge, washing machine, vacuum cleaner etc is fixed at the rate of 28% under GST.

With the implementation of GST, end consumers now pay 5% in GST on the full ticket price, up from 4.5% of service tax. However, any passenger that makes use of the Indian railways to travel for business purposes can file input tax credit (ITC) claims on ticket prices.

28%Cess of ₹30 for petrol and ₹20 for diesel, with equal division between States and Centre ( ₹15 for states and Centre each for petrol and likewise for diesel at ₹10) and finally. GST rate at 28% (Centre: 14%, State: 14%)

The petrol price today in South Goa (Goa) is Rs. 88.20 per Litre. The last change in South Goa's petrol price was on May 04, 2021 and it was increased by +0.36 rupees. In the last 10 days, the petrol price in South Goa has been fluctuating between Rs 87.90 and Rs 88.56.

Rs. 77.62 per LitreToday's Petrol price in Mumbai (Maharashtra) is Rs. 77.62 per Litre.

The new rates are as follows:ProductExisting priceNew price (wef from 01-04-2021)Petrol111.90110.35High Speed Diesel116.08113.08Kerosene83.6182.06Light Diesel Oil81.4279.86Mar 31, 2021.

Petrol Price in India Petrol in India is traded at Rs 91.27 per litre in New Delhi, Rs 97.61 per litre in Mumbai City, Rs 91.41 per litre in Kolkata, Rs 93.15 per litre in Chennai..

Petrol price in India climbed over the week and recorded its highest price for the month till date on 19th January with a litre being retailed for Rs. 85.24.

The allowance for a petrol or diesel vehicle is 79 cents per kilometre for the first 14,000 kilometres, and 30 cents per kilometre after.

Petrol price in 5 neighbouring countries In neighbouring Pakistan petrol price is Rs. 51.14, whereas in Sri Lanka the petrol price is Rs 60.26.

Current Petrol Price in UP is Rs. 89.41 per Litre. Today's Petrol price in Uttar Pradesh is Rs. 89.41 per litre.

3%The government has levied 3% GST rate on gold jewellery; however, the goods and services tax depends on the type of gold, imports and the sector: unorganised or organised.

GST on Loan Interest When your lender assesses interest, you also have to pay GST on those amounts. As of 2018, the GST on financial services is 18%. That applies to loan interest but also to annual charges and processing fees. Prior to the new GST system, the tax on these services was only 15%.

(i) where the supplier of the service charges GST @ 12% from the service recipient, the service recipient shall not be liable to pay GST under RCM; and, (ii) where the supplier of the service doesn't charge GST @ 12% from the service recipient, the service recipient shall be liable to pay GST under RCM.

VersionsEx-Showroom priceSpecificationsFigo Ambiente 1.2 Ti-VCT₹ 5.82 Lakh1194 cc, Petrol, Manual, 18.5 kmplFigo Titanium 1.2 Ti-VCT MT₹ 6.82 Lakh1194 cc, Petrol, Manual, 18.5 kmplFigo Titanium Blu 1.2 Ti-VCT₹ 7.27 Lakh1194 cc, Petrol, Manual, 18.5 kmplFigo Titanium1.5 TDCi₹ 7.92 Lakh1499 cc, Diesel, Manual, 24.4 kmpl1 more row

The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18% and 28% under GST. This is aside the tax on gold that is kept at 3% and rough precious and semi-precious stones that are placed at a special rate of 0.25% under GST. 7% goods and services fall under this category.

What are the GST rates on gold jewelleryHSN CodeGST Rate7103, 71040.25%7101, 7102, 7106, 7107, 7108, 7109, 7111, 7113, 7114, 7116, 71183%99881.5%Mar 19, 2021

28%Refrigerators, washing machines and microwave ovens come under the 18% GST slab while air-conditioner is the only appliance which is in the 28% tax segment.

In addition a cess of 22% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products. Pre-GST, the statutory tax rate for most goods was about 26.5%, Post-GST, most goods are expected to be in the 18% tax range.

Readymade garments of sale value not exceeding Rs. 1000 per piece attract 5% GST. Readymade garments of sale value exceeding Rs. 1000 per piece attract 12% GST.

18 per centFor IMPS, charge will be Rs 5 along GST for fund transfer in the range of Rs 1,000 to Rs 1 lakh. The charge will go up to Rs 15 for transactions of Rs 1-2 lakh. GST at the rate of 18 per cent is applicable on all financial transactions.

GST Rates for Services Government has also imposed GST on Services with the same 4-tier tax structure as of goods.

GST rates on services comprising of 5%, 12%, 18% and 28% comes with various pros and cons for the consumers..

18%The rate of Service Tax was 15% whereas the rate of GST is 18%.

18%Current GST Rates for Mask, Sanitizer & Hand WashProduct NameGST RateBlood Test Strips12%Medical Grade Oxygen, Hydrogen and Peroxide12%Sanitizer18%Hand Wash18%3 more rows•Jul 23, 2020

VenezuelaPetrol prices in USD, EURO and INRRankCountryContinentName1VenezuelaSouth America2IranAsia3SudanAfrica60 more rows•Jul 3, 2020.

18%GST rates on iron and steel Manufacturing and sale of all kinds of iron and steel like iron rods, bars, and scraps of iron and steel etc are charged at the rate of 18%..