Question 12 – Draft-Bills-Reports – Frequently Asked Questions (FAQ) GST – FAQ [OLD] on Goods and Services Tax (GST) – (December 2015) – Question 12 – Q 12: What is the rate structure proposed under GST? Ans: The Empowered Committee has decided to adopt a two-rate structure -a lower rate for necessary items and items of basic importance and a standard rate for goods in general. There will also be a special rate for precious metals and a list of exempted items. For upholding of special needs of
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