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GST Rate in World Wide Countries - Indian Implications

A number of countries are following GST regime and their  GST Rate in % is as appended below and sectors likely to benefit in India due to GST and sectors likely to  fall  due to GST can be seen by clicking the given links.

Australia - 10%
France - 19.6%
Canada - 5%
China - 17%
Germany - 19%
Mauritius - 15%
Japan - 5%
Singapore - 7%
Sweden - 25%
New Zealand - 15%
South Africa - 14%

Central Taxes subsumed under GST in India post GST

✓ Central Excise Duty (including additional excise duty)
✓ Service Tax
✓ Additional Customs Duty
✓ Special Additional Duty of customs Luxury Tax
✓ Central surcharges and Cess
✓ Entertainment Tax
✓ Value Added Tax

State Government Taxes subsumed under GST in India post GST

✓ Central Sales Tax
 ✓ Octroi & Entry Tax
✓ Purchase Tax
✓ Taxes on lottery, betting and gambling
✓ State Cesses and Surcharges
✓ Entertainment Tax
✓ Value Added Tax

Check the video below to understand the GST implications for India.

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