Payable GST on sale or purchase of Composting Machines
What is the present GST rate tariff on Composting Machines? How much GST tax payable on Composting Machines? Present Indian GST charges on Composting Machines?
Here let us discuss about Payable GST on Composting Machines
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 Composting Machines fixed by GST council at the introduction of GST in July, 2017 is 12%
Composting Machines falls under GST HSN 8479
This details about GST rate tariff on Composting Machines is only for information. The validity of above information and amendments about GST rate on Composting Machines may be verified before any business dealing.
The above details explain about Payable GST on Composting Machines. If you would like to express your views about Payable GST on Composting Machines you may opine below. Share your views about GST impact on Composting Machines business industry.
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