<P> Goods and Services Tax ( GST ) is an indirect tax levied in India on the sale of goods and services . Goods and services are divided into five tax slabs for collection of tax - 0 % , 5 % , 12 % , 18 % and 28 % . Petroleum products and alcoholic drinks are taxed separately by the individual state governments . There is a special rate of 0.25 % on rough precious and semi-precious stones and 3 % on gold . 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 . </P>
what is the meaning of goods and service tax
indirect tax levied in India on the sale of goods and services