040 - 6459 8842 Madhapur, Hyderabad - 500 081. Telangana

We are proud of our reputation
for delivering the highest quality work

Advantages of GST

Sr.No Content Percentage(%)
1. GST on apparel below Rs 1,000 fixed at 5 %
2. GST on gold at 3 %
3. GST will be levied on readymade garments at 12 %
4. Footwear upto Rs 500 is charged at 5% and above it is 18% 500 below 5% above 18 %
5. GST on Yarn and fabric cotton at 5 %
6. GST on all biscuits to be 18% at 18 %
7. Supply of Food/drinks in air-conditioned restaurant in 5-star or above rated Hotel at 18 %
8. GST rate on fertilizers at 12 %
9. GST on Packaged food (fruit, vegetable products, pickles, toppings, sauces, instant food items etc.) at 12 %
10. GST on Computer printers at 18 %
11. GST on jewellery Gems and diamond processing at 5 %

Citizen

1. Simpler tax system
2. Reduction in prices of goods and services due to elimination of cascading
2. Uniform prices throughout the country
4. Transparency in taxation system
5. Increase in employment opportunitie

Trade/Industry

1. Reduction in multiplicity of taxes
2. Mitigation of cascading/double taxation
2. More efficient neutralization of taxes especially for exports
4. Development of common national market
5. Simpler tax regime-fewer rates and exemptions

Central/State Governments

1. A unified common national market to boost Foreign Investment and “Make in India” campaign
2. Boost to export/manufacturing activity, generation of more employment, leading to reduced poverty and increased GDP growth
2. Improving the overall investment climate in the country which will benefit the development of states
4. Uniform SGST and IGST rates to reduce the incentive for tax evasion
5. Reduction in compliance costs as no requirement of multiple record keeping