GST, or Goods & Services Tax, was introduced in India on the 1st of July, 2017, as a one-in-all indirect tax system. At the time of the launch, GST was divided into the following six tax slabs: Nil, 0%, 5%, 12%, 18%, and 28%.
Before GST
Before the implementation of GST in India, many rubber items such as Rubber bands were being taxed at a very high rate of 31 per cent.
