Zero rate of GST on sale of bone grist

 

Bone grist attracts on GST

 

Any GST payable for sale of bone grist? Does bone grist fall under GST exemption list? Should I need to pay GST on my product bone grist?

 

GST tax on bone grist under HSN chapter 0507

 

As per GST Law, there is no GST payable on bone grist.  

So the rate of GST payable on bone grist is nil rate.

 

The GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. 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 about GST rate tariff on bone grist is only for information.

 

The validity of above information and amendments about GST rate on bone grist may be verified before any business dealing.

 

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