Scaled down payable GST on sale or purchase of Transformers Industrial Electronics

Trimmed GST percentage on purchase or sale of Transformers Industrial Electronics

 

What is the present GST rate on Transformers Industrial Electronics? Goods and Service Tax rate for Transformers Industrial Electronics? GST duty payable on Transformers Industrial Electronics?

Trimmed GST percentage on purchase or sale of Transformers Industrial Electronics

Here let us discuss about trimmed GST percentage on Transformers Industrial Electronics

Transformers Industrial Electronics falls under GST HSN code chapter 8504. The GST rate fixed on Transformers Industrial Electronics by GST council on 18th May, 2017 was 28%. However, GST council scaled down GST percentage on Transformers Industrial Electronics to 18% as per GST council meet held on 11th June, 2017.

 


GST rate fixed on Transformers Industrial Electronics as per GST council meet on 18th May, 2017 is 28%

GST rate reduced on Transformers Industrial Electronics according to GST council meet held on 11th June, 2017 is 18%.

 

 

 

The above details about trimmed GST percentage on Transformers Industrial Electronics is only for information.


The validity of above information and amendments about trimmed GST percentage on Transformers Industrial Electronics may be verified before any business dealing.


Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess.

 

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