Minimized GST slab rate on sale or purchase of Children’s picture colouring books

Lowered down GST levied rate on purchase or sale of Children’s picture colouring books

 

What is the present GST rate on Children’s picture colouring books? Present Indian GST charges on Children’s picture colouring books? Goods and Service Tax rate for Children’s picture colouring books?

Lowered down GST levied rate on purchase or sale of Children’s picture colouring books

This information helps to know more about Lowered down GST levied rate on Children’s picture colouring books.


Children’s picture colouring books falls under GST HSN code chapter 4903. The GST rate fixed on Children’s picture colouring books by GST council on 18th May, 2017 was 12%. However, GST council Minimized GST levied rate on Children’s picture colouring books to 0% as per GST council meet held on 11th June, 2017.

 

 

GST rate fixed on Children’s picture colouring books as per GST council meet on 18th May, 2017 is 12%


GST rate reduced on Children’s picture colouring books according to GST council meet held on 11th June, 2017 is nil.

 


 

The above details about Lowered down GST levied rate on Children’s picture colouring books is only for information.


The validity of above information and amendments about Lowered down GST levied rate on Children’s picture colouring books may be verified before any business dealing.


The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. According to GST slabs, the most essential goods and services fall under the exempt list while Commonly used Goods and Services have been put in the lowest tax bracket of 5 per cent. Standard Goods and Services are in 12 per cent tax bracket, the government has kept a large number of items under 18% tax slab. only Special category of Goods and Services including luxury goods fall in the top tax bracket of 28 per cent. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST


The above details explain about Lowered down GST levied rate on Children’s picture colouring books. If you would like to express your views about Lowered down GST levied rate on Children’s picture colouring books you may opine below.

 

 

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