Slimmed down GST imposed rate on Electrical Transformer business
What is the present GST rate on Electrical Transformer? Present Indian GST charges on Electrical Transformer? Goods and Service Tax rate for Electrical Transformer?
The below information details about slimmed down GST imposed rate on Electrical Transformer
Electrical Transformer falls under GST HSN code chapter 8504. The GST rate fixed on Electrical Transformer by GST council on 18th May, 2017 was 28%. However, GST council chopped GST imposed rate on Electrical Transformer to 18% as per GST council meet held on 11th June, 2017.
GST rate fixed on Electrical Transformer as per GST council meet on 18th May, 2017 is 28%
GST rate reduced on Electrical Transformer according to GST council meet held on 11th June, 2017 is 18%.
The above details about slimmed down GST imposed rate on Electrical Transformer is only for information.
The validity of above information and amendments about slimmed down GST imposed rate on Electrical Transformer may be verified before any business dealing.
There are six GST tax slabs – 0, 5, 12, 18, 28, and 28 percent plus cess. 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.
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