GST slab rate on sale or purchase of Lenses, prisms, mirrors and other optical elements

GST scheduled rate on sale or purchase of Lenses, prisms, mirrors and other optical elements

 

GST charges on Lenses, prisms, mirrors and other optical elements? Goods and Service Tax rate for Lenses, prisms, mirrors and other optical elements? How much GST tax payable on Lenses, prisms, mirrors and other optical elements?

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This article explains about the Lenses, prisms, mirrors and other optical elements


The GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. 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.


The rate of GST on Lenses, prisms, mirrors and other optical elements, of any material, mounted, being parts of or fittings for instruments or apparatus, other than such elements of glass not optically worked. 18% However, as per GST council meet, the rate of GST on Intraocular lens under HSN chapter 9002 has been reduced from 18% to 12% fixed by GST council at the introduction of GST in July, 2017 is 18%



Lenses, prisms, mirrors and other optical elements falls under GST HSN number 9002

 


This details about GST rate tariff on Lenses, prisms, mirrors and other optical elements is only for information. The validity of above information and amendments about GST rate on Lenses, prisms, mirrors and other optical elements may be verified before any business dealing.


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GST slab rate on sale or purchase of Lenses, prisms, mirrors and other optical elements

Scaled down GST payable rate on intraocular lens business

 

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