Payable GST on Wool grease and fatty substances
What is the present GST rate tariff on Wool grease and fatty substances ? Goods and Service Tax rate for Wool grease and fatty substances ? GST duty payable on Wool grease and fatty substances ?
This article explains about the Wool grease and fatty substances
The rate of GST on Wool grease and fatty substances derived therefrom (including lanolin).
fixed by GST council at the introduction of GST in July, 2017 is 12%
Wool grease and fatty substances falls under GST HSN code number 1505
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
This details about payable GST on Wool grease and fatty substances is only for information. The validity of above information and amendments about GST rate on Travel sets for Wool grease and fatty substances may be verified before any business dealing.
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