GST levied rate on Automatic goods-vending machines business

 

GST imposed rate on purchase or sale of Automatic goods-vending machines


GST levied rate on Automatic goods-vending machines businessPresent Indian GST charges on Automatic goods-vending machines and money changing machines? What is the present GST rate tariff on Automatic goods-vending machines and money changing machines? How much GST tax payable on Automatic goods-vending machines and money changing machines?


This article explains about the Automatic goods-vending machines and money changing machines.


Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. 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 rate of GST on Automatic goods-vending machines (for example, postage stamps, cigarette, food or beverage machines), including money changing machines fixed by GST council at the introduction of GST in July, 2017 is 28%



Automatic goods-vending machines and money changing machines falls under GST HSN code 8476

 


This details about GST rate tariff on Automatic goods-vending machines and money changing machines is only for information. The validity of above information and amendments about GST rate on Automatic goods-vending machines and money changing machines may be verified before any business dealing.

 

I hope, this article can enlighten you on basic idea on GST imposed rate on Automatic goods-vending machines and money changing machines. You can express your views on GST imposed rate on Automatic goods-vending machines and money changing machines. Share your views about GST impact on Automatic goods-vending machines and money changing machines business industry.

 

 

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