Lowered down GST rate onpurchase or sale of Weighing Machinery
Present Indian GST charges on Weighing Machinery ? Goods and Service Tax rate for Weighing Machinery? GST duty payable on Weighing Machinery?
Here let us discuss about GST rate tariff on Weighing Machinery
Weighing Machinery falls under GST HSN code chapter 8423. The GST rate fixed on Weighing Machinery by GST council on 18th May, 2017 was 28%. However, GST council Lowered down GST rate on Weighing Machinery to 18% as per GST council meet held on 11th June, 2017.
GST rate fixed on Weighing Machinery, other than electric and (or) electronic weighing machinery as per GST council meet on 18th May, 2017 is 28%
GST rate reduced on Weighing Machinery other than electric and (or) electronic weighing machinery according to GST council meet held on 11th June, 2017 is 18%.
The above details about Lowered down GST rate on Weighing Machinery is only for information.
The validity of above information and amendments about Lowered down GST rate on Weighing Machinery 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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