Duke Infosys will provide all the goods and services tax (GST) facilities. GST is an indirect tax (or consumption tax) imposed on supply of goods and services in India. At every step in the production process, GST is levied, but it means it is returned to all parties at different stages of production besides the final consumer.
Goods and services are divided into five tax slabs for tax collection - 0%, 5%, 12%, 18% and 28%. 32% However, tax is not levied on petroleum products, alcoholic beverages, electricity, under GST and instead tax is imposed by different state governments in accordance with previous tax regime.
There is a special rate of 0.25% on thick and semi-precious stones and 3% on gold. In addition, 22% or more rates of 28% GST, or other rates, apply to certain commodities such as aerated drinks, luxury cars and tobacco. the product. [Pre-GST, the statutory tax rate for most commodities was around 26.5%, post-GST, 18% of most commodities are expected to be in the tax range.