Diminished GST amount of rate on Rough precious and semi-precious stones

 

Narrowed GST levied rate on sale or purchase of Rough precious and semi-precious stones

 

Is GST rate on Rough precious and semi-precious stones reduced? What is the present GST rate tariff on Rough precious and semi-precious stones? How much GST tax payable on Rough precious and semi-precious stones?

Narrowed GST levied rate on sale or purchase of Rough precious and semi-precious stones


Here let us discuss about Narrowed GST levied rate on Rough precious and semi-precious stones



Rough precious and semi-precious stones falls under GST HSN code chapter 71. The GST rate fixed on Rough precious and semi-precious stones by GST council on 18th May, 2017 was 3%. However, GST council Diminished GST levied rate on Rough precious and semi-precious stones to 0.25% as per GST council meet held on 11th June, 2017.

 

 

GST rate fixed on Rough precious and semi-precious stones as per GST council meet on 18th May, 2017 is 3%


GST rate reduced on Rough precious and semi-precious stones according to GST council meet held on 11th June, 2017 is 0.25%.

 

 

 

The above details about Narrowed GST levied rate on Rough precious and semi-precious stones is only for information.


The validity of above information and amendments about Narrowed GST levied rate on Rough precious and semi-precious stones may be verified before any business dealing.


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GST Council Decide 4 main GST Rates Slabs for India. Now GST Rates are finalised i.e GST Rates in India is 5%, 12%, 18% & 28%.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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