Nil rate tariff GST on sale of precision instruments and apparatus, parts and accessories

 

Precision instruments and apparatus, parts and accessories is exempted from paying GST

 

No GST applicable for precision instruments and apparatus, parts and accessories? What is the concessional rate of GST on precision instruments and apparatus, parts and accessories?  I am a dealer of precision instruments and apparatus, parts and accessories. Should I need to pay GST?

 

GST tax on precision instruments and apparatus, parts and accessories under HSN chapter 90

 

As per GST Law, there is no GST payable on precision instruments and apparatus, parts and accessories.  

So the rate of GST payable on precision instruments and apparatus, parts and accessories is nil rate.

 

 

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 above details about GST rate tariff on precision instruments and apparatus, parts and accessories is only for information.

The validity of above information and amendments about GST rate on precision instruments and apparatus, parts and accessories may be verified before any business dealing.

 

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GST Exemption list of goods and services

 

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

Zero rate of GST on sale of surgical instruments and apparatus, parts and accessories

Nil rate tariff GST on sale of precision instruments and apparatus, parts and accessories

Nil tariff GST on sale of photographic instruments and apparatus, parts and accessories

Zero percentage GST on Optical instruments and apparatus, parts and accessories

Waived GS on sale of medical instruments and apparatus

Nil rate of GST on sale of measuring instruments and apparatus, parts and accessories

No need to pay GST on sale of cinematographic, instruments and apparatus, parts and accessories

Nil rate of GST on sale of checking instruments and apparatus parts and accessories

GST scheduled rate on Spectacle lenses, contact lens

GST rate on Optical fibres, optical cables

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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