GST imposed rate on Jam business
How much GST tax payable on Jam? Present Indian GST charges on Jam? What is the present GST rate tariff on Jam?
The below information details about GST payable rate on Jam
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 rate of GST on jam fixed by GST council at the introduction of GST in July, 2017 is 12%
Note: Previously the rate of GST fixed on jam was 18% and later reduced to 12% by GST council on 11th June, 2017
This detail about GST rate tariff on Jam is only for information.
The validity of above information and amendments about GST rate on Jam may be verified before any business dealing.
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