GST scheduled rate on purchase or sale of Hand operated spanners and wrenches business
What is the present GST rate tariff on Hand operated spanners and wrenches?How much GST tax payable on Hand operated spanners and wrenches? Present Indian GST charges on Hand operated spanners and wrenches?
His article explains about the Hand operated spanners and wrenches
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 Hand operated spanners and wrenches (including torque meter wrenches but not including tap wrenches); interchangeable spanner sockets, with or without handles. Fixed by GST council at the introduction of GST in July, 2017 is 18 %
Hand operated spanners and wrenches (including torque meter wrenches but not including tap wrenches); interchangeable spanner sockets, with or without handles. Falls under GST HSN code number 8204
This detail about GST rate tariff onHand operated spanners and wrenches are only for information.
The validity of above information and amendments about GST rate on Hand operated spanners and wrenches may be verified before any business dealing.
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