GST amount of rate on Painting and drawing business
What is the present GST rate tariff on sale or purchase of Painting and drawing? How much GST tax payable on sale or purchase of Painting and drawing? GST duty payable on sale or purchase of Painting and drawing?
Here let us discuss about rate of GST on sale or purchase of Painting and drawing
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.
The rate of GST on sale or purchase of Painting and drawing fixed by GST council at the introduction of GST in July, 2017 is 12%
Painting and drawing falls under GST HSN code number 9701
This details about GST rate tariff on sale or purchase of Painting and drawing is only for information. The validity of above information and amendments about GST rate on sale or purchase of Painting and drawing may be verified before any business dealing.
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