Brought down GST percentage on sale or purchase of Exercise books and note books

Turned down GST payable rate on purchase or sale of Exercise books and note books

 

Is GST rate on Exercise books and note books reduced? What is the present GST rate tariff on Exercise books and note books ? How much GST tax payable on Exercise books and note books?

Turned down GST payable rate on purchase or sale of Exercise books and note books

This information helps to know more about Turned down GST payable rate on Exercise books and note books.

Exercise books and note books falls under GST HSN code chapter 4820. The GST rate fixed on Exercise books and note books by GST council on 18th May, 2017 was 18%. However, GST council Turned down GST payable rate on Exercise books and note books to 12% as per GST council meet held on 11th June, 2017.

 

GST rate fixed on Exercise books and note books as per GST council meet on 18th May, 2017 is 18%

GST rate reduced on Exercise books and note books according to GST council meet held on 11th June, 2017 is 12%.

 

 

 

The above details about Turned down GST payable rate on Exercise books and note books is only for information.


The validity of above information and amendments about Turned down GST payable rate on Exercise books and note books may be verified before any business dealing.


Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess.


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