Chopped GST amount of rate on Numismatic coins business

Scaled down GST percentage on Numismatic coins business

 

Present Indian GST charges on Numismatic coins? Goods and Service Tax rate for Numismatic coins? GST duty payable on Numismatic coins?

scaled down GST percentage on Numismatic coins business

This information helps to know more about scaled down GST percentage on Numismatic coins.

Numismatic coins falls under GST HSN code chapter 9705. The GST rate fixed on Numismatic coins by GST council on 18th May, 2017 was 12%. However, GST council chopped GST amount of rate on Numismatic coins to 5% as per GST council meet held on 11th June, 2017.

 

GST rate fixed on Numismatic coins as per GST council meet on 18th May, 2017 is 12%


GST rate reduced on Numismatic coins according to GST council meet held on 11th June, 2017 is 5%.

 

 


The above details about scaled down GST percentage on Numismatic coins business is only for information.


The validity of above information and amendments about scaled down GST percentage on Numismatic coins may be verified before any business dealing.


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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