scaled down GST payable rate on jute Hand bags and shopping bags

Trimmed GST imposed rate on Hand bags and shopping bags of jute business

 

Is GST rate on jute Hand bags and shopping bags reduced? What is the present GST rate tariff on Hand bags and shopping bags of jute? How much GST tax payable on Hand bags and shopping bags of jute?

Trimmed GST imposed rate on Hand bags and shopping bags of jute business


The below information details about Trimmed GST imposed rate on jute Hand bags and shopping bags.


Jute Hand bags and shopping bags falls under GST HSN code chapter 4202. The GST rate fixed on Hand bags and shopping bags of jute by GST council on 18th May, 2017 was 28%. However, GST council scaled down GST payable rate on Hand bags and shopping bags of jute 18% as per GST council meet held on 11th June, 2017.

 

GST rate fixed on Hand bags and shopping bags of jute as per GST council meet on 18th May, 2017 is 28%


GST rate reduced on Hand bags and shopping bags of jute according to GST council meet held on 11th June, 2017 is 18%.

 

The above details about Trimmed GST imposed rate on Hand bags and shopping bags of jute is only for information.


The validity of above information and amendments about Trimmed GST imposed rate on Hand bags and shopping bags of jute may be verified before any business dealing.


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.

 

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