Service Tax Rate in India went up to 18 percent from 15 percent on July 1st 2017. The Goods and Services Tax (GST) is levied at multiple rates ranging from 0 percent to 28 percent, with lower rates for essential items and the highest for luxury and de-merits goods. Sales Tax Rate in India averaged 13.97 percent from 2006 until 2019, reaching an all time high of 18 percent in 2017 and a record low of 12.36 percent in 2012.

Sales Tax Rate in India is expected to be 18.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Sales Tax Rate - GST is projected to trend around 18.00 percent in 2020, according to our econometric models.

India Sales Tax Rate - GST
width
height
 Preview
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

India Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 35.00 35.00 38.95 32.44 percent [+]
Personal Income Tax Rate 35.88 35.54 35.88 30.00 percent [+]
Sales Tax Rate 18.00 18.00 18.00 12.36 percent [+]
Social Security Rate 24.00 24.00 24.00 24.00 percent [+]
Social Security Rate For Companies 12.00 12.00 12.00 12.00 percent [+]
Social Security Rate For Employees 12.00 12.00 12.00 12.00 percent [+]


India Sales Tax Rate - GST

In India, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the most common rate for services. Revenues from the Sales Tax Rate are an important source of income for the government of India. This page provides - India Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Sales Tax Rate - GST - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
18.00 18.00 18.00 12.36 2006 - 2019 percent Yearly




Country Last Previous
Italy 22.00 Dec/19
Argentina 21.00 Dec/19
Netherlands 21.00 Dec/19
Spain 21.00 Dec/19
Euro Area 20.80 Dec/18
France 20.00 Dec/19
Russia 20.00 Dec/19
United Kingdom 20.00 Dec/19
Germany 19.00 Dec/19
India 18.00 Dec/19
Turkey 18.00 Dec/18
Brazil 17.00 Dec/19
China 16.00 Dec/19
Mexico 16.00 Dec/19
South Africa 15.00 Dec/18
Australia 10.00 Dec/19
Indonesia 10.00 Dec/19
South Korea 10.00 Dec/19
Japan 8.00 Dec/18
Switzerland 7.70 Dec/18
Singapore 7.00 Dec/19
Canada 5.00 Dec/19
Saudi Arabia 5.00 Jan/18
United States 0.00 Dec/19


Related
Latest