Cocoon is exempted from paying GST
What is the concessional rate of GST on Cocoon? Does Cocoon fall under GST exempted items? Any GST payable for sale of Cocoon?
GST tax on Cocoon under HSN chapter 5001
As per GST Law, there is no GST payable on Cocoon.
So the rate of GST payable on Cocoon is nil rate.
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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The above details about GST rate tariff on Cocoon is only for information.
The validity of above information and amendments about GST rate on Cocoon may be verified before any business dealing.
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