GST slab rate on sale or purchase of Machines for milling industry.

GST imposed rate on purchase or sale of Machines for milling industry.


How much GST tax payable on Machines for milling industry ? What is the present GST rate on Machines for milling industry ? Present Indian GST charges on Machines for milling industry ? Goods and Service Tax rate for Machines for milling industry ?

GST imposed rate on purchase or sale of Machines for milling industry.


The below information details about GST rate tariff on Machines for milling industry


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.


The rate of GST on Machines for milling industry fixed by GST council at the introduction of GST in July, 2017 is 5%



Machines for milling industry falls under HSN chapter number 8437

 


This details about GST rate tariff on Machines for milling industry is only for information. The validity of above information and amendments about GST rate on Machines for milling industry may be verified before any business dealing.


The above details explain about GST rate tariff on Machines for milling industry. If you would like to express your views about GST rate tariff on Machines for milling industry you may opine below.

 

 

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