Slimmed down GST payable rate on purchase or sale of vanity bags
What is the present GST rate on vanity bags? Present Indian GST charges on vanity bags? Goods and Service Tax rate for vanity bags?
This information helps to know more about slimmed down GST payable rate on vanity bags.
Vanity bags falls under GST HSN code chapter 4202. The GST rate fixed on vanity bags by GST council on 18th May, 2017 was 28%. However, GST council chopped GST levied rate on sale or purchase of vanity bags to 18% as per GST council meet held on 11th June, 2017.
GST rate fixed on vanity bags as per GST council meet on 18th May, 2017 is 28%
GST rate reduced on vanity bags according to GST council meet held on 11th June, 2017 is 18%.
The above details about slimmed down GST payable rate on vanity bags is only for information.
The validity of above information and amendments about slimmed down GST payable rate on vanity bags may be verified before any business dealing.
GST Council Decide 4 main GST Rates Slabs for India. Now GST Rates are finalised i.e GST Rates in India is 5%, 12%, 18% & 28%.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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