Diminished GST taxable rate on purchase or sale of Optical Fiber

Narrowed GST levied rate on Optical Fiber business

 

What is the present GST rate on Optical Fiber? Is GST charges on Optical Fiber reduced? Goods and Service Tax rate for Optical Fiber?

Narrowed GST levied rate on Optical Fiber business

This information helps to know more about Narrowed GST levied rate on Optical Fiber.

Optical Fiber falls under GST HSN code chapter 8544. The GST rate fixed on Optical Fiber by GST council on 18th May, 2017 was 28%. However, GST council Diminished GST levied rate on Optical Fiber to 18% as per GST council meet held on 11th June, 2017.

 


GST rate fixed on Optical Fiber as per GST council meet on 18th May, 2017 is 28%


GST rate reduced on Optical Fiber according to GST council meet held on 11th June, 2017 is 18%.

 

 

 

The above details about Narrowed GST levied rate on Optical Fiber is only for information.


The validity of above information and amendments about Narrowed GST levied rate on Optical Fiber 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

 

I hope, this article can enlighten you on basic idea on Narrowed GST levied rate on Optical Fiber. You can express your views on Narrowed GST levied rate on Optical Fiber

 

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