Do you have similar questions when thinking about your GST obligations? Taxpayers often fall victim to the misconception that GST is simple - just charge 18%. However, there is much more to GST than meets the eye. There are various concepts that taxpayers should understand to ensure that the GST principles are applied correctly when classifying the GST treatment for supplies made. Yes, it is true, not all supplies need to be standard-rated. There are some Goods or Services which are totally exempted under GST, while some supplies are zero rated, some taxable at a lower rate of 5% and 12% while on the other hand some taxable at a highest rate of 28%. Besides this there are many intricate issues concerning the treatment of imports, exports, intra state, inter - state supplies, supplies to and from SEZ areas and lot more.