Cut down GST scheduled rate on sale or purchase of Agarbatti

Lowered down GST rate on Agarbatti business

 

Is GST rate on Agarbatti reduced? What is the present GST rate tariff on Agarbatti? How much GST tax payable on Agarbatti?

lowered down GST rate on Agarbatti business


The below information details about lowered down GST rate on Agarbatti business


Agarbatti falls under GST HSN code chapter 3307. The GST rate fixed on Agarbatti by GST council on 18th May, 2017 was 12%. However, GST council Cut down GST scheduled rate on Agarbatti to 5% as per GST council meet held on 11th June, 2017.

 

 

 

 

GST rate fixed on Agarbatti as per GST council meet on 18th May, 2017 is 12%


GST rate reduced on Agarbatti according to GST council meet held on 11th June, 2017 is 5 %.

 

 

The above details about lowered down GST rate on Agarbatti is only for information.


The validity of above information and amendments about lowered down GST rate on Agarbatti may be verified before any business dealing.


GST Council Decide 4 main GST Rates Slabs for India. Now GST Rates are finalised i.e GST Rates in India is 5%, 12%, 18% & 28%.Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.

 

The above details explain about lowered down GST rate on Agarbatti. If you would like to express your views about lowered down GST rate on Agarbatti you may opine below.

 

 

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