GST for Cork and Cork products

Rate of GST payable on Cork articles and Cork


Click here to know GST exempted list

 

 

Cork and articles of cork falls under HSN code chapter 45 of GST commodity tariff schedule.  The details about GST rate changes on sale of Cork and articles of cork are being updated here.  The notification changes on exemptions for GST for sale of Cork and articles of cork and other circulars related to GST for Cork and Cork products are updated in this website.

 

Update on 18th May, 2017: GST rates on goods

 

12% GST RATE;

1. GST HSN chapter code 4501 Natural cork, raw or simply prepared.

 

18% GST RATE;

All goods not specified elsewhere

1. GST HSN chapter code 4501 Waste cork; crushed, granulated or ground cork.

2. GST HSN chapter code 4502 Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers).

3. GST HSN chapter code 4503 Articles of natural cork such as Corks and Stoppers, Shuttlecock cork bottom.

4. GST HSN chapter code 4504 Agglomerated cork (with or without a binding substance) and articles of agglomerated cork.]

 

Revised GST Rates on 21st July, 2018

                                                                                              Present rate    new rate

4503 90 90           Art ware of cork [including articles of             18%             12 %

4504 90                sholapith]

 

GST for Cork and Cork products

In India, GST is payable on Cork articles and Cork.  However, some of the categories business under HSN code 45 are expected to be exempted from paying GST.  The list of exempted commodities and services under GST is expected to be released soon.

 

 

Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services.  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.

 

GST rate payable for goods or service, click here

 

Click here to know GST exemption of goods and service

 

 

Find HSN number or Service tariff code for GST

 

GST registration guidelines

 

Indian GST Laws

 

How to export your goods?

How to get Export Order?

 

GST Registration Guidelines

Learn Imports and Exports business free of cost

Find HSN code of your product.

How to export goods from India?

 

 

GST rate for tramway rolling stock and parts, Vehicles other than railway

Rate of GST applicable for Aircraft and parts, spacecraft and parts

GST payable for sale of Boats, floating structures and ships

GST for Medical, Surgical, optical, photographic and cinematographic products

GST payable for Watches, clocks, watch parts and clock parts

Rate of GST payable for sale of Musical instruments, parts and accessories

Provisional attachment to protect revenue in certain cases, CGST Act

Liability of agent and principal, CGST Act

Liability of partners of firm to pay tax, CGST Act, 2017

Special provisions regarding liability to pay tax, interest or penalty in certain cases, CGST Act

CGST Act, 2017 Liability in other cases

Authority for advance ruling, CGST Act, 2017

CGST Act, 2017 Procedure on receipt of application

CGST Act, Rectification of advance ruling

How to apply for GSTIN by new applicant?

Procedure for obtaining Registration number of GSTIN

Procedures to switch from Compounding scheme to normal under GSTIN

Would multiple registration be allowed under Goods and Service Tax (GSTIN)?

How many digits in GSTIN under Goods and Service Tax registration

Registration procedures and formalities to obtain GSTIN

How to get GSTIN? (Goods and Service Tax Identification Number)

Advantages of registering for GSTIN under Goods and Service Tax Act

Goods and Service Tax (GST), a simple tutorial part 1

Goods and Service Tax (GST), easy understanding part 2

 

Triangular shipment

 Types of Insurance Documents.

Import General Manifest (IGM)

Importance of Bill of Lading 

Introduction to this web site.

Is Airway bill a documents of title?

Is Customs House Agents (CHA ) required to be appointed mandatory?

Transferability of Bill of Lading

Transhipment - A redefinition                                                    

Travelers to India under import duty exemption, Frequently Asked Questions Part 2 

Triangular export

 

 

The above information about GST rate on commodities under HSN code mentioned above commonly clarifies on questions explained under:

Amount of GST tax on natural cork in blocks/sheets/strips

What is the GST rate on articles of natural cork?

How much GST on agglomerated cork and articles?

GST tariff on natural cork, raw or simply prep, waste cork etc.


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers