GST payable rate on purchase or sale of Composition leather with a basis of leather or leather fibre
What is the present GST rate tariff on Composition leather with a basis of leather or leather fibre? How much GST tax payable on Composition leather with a basis of leather or leather fibre? What is the present GST rate tariff on Composition leather with a basis of leather or leather fibre?
This information is about GST rate tariff on Composition leather with a basis of leather or leather fibre
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 rate of GST on Composition leather with a basis of leather or leather fibre, in slabs, sheets or strip, whether or not in rolls; parings and other waste of leather or of composition leather, not suitable on the manufacture of leather articles; leather dust, powder and flour fixed by GST council at the introduction of GST in July, 2017 is 12%
Composition leather with a basis of leather or leather fibre falls under GST HSN 4115
This details about GST rate tariff on Composition leather with a basis of leather or leather fibre is only for information. The validity of above information and amendments about GST rate on Composition leather with a basis of leather or leather fibre may be verified before any business dealing.
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