GST payable rate on purchase or sale of Articles of yarn, strip
What is the present GST rate tariff on Articles of yarn, strip ? Goods and Service Tax rate for Articles of yarn, strip ? GST duty payable on Articles of yarn, strip ?
This article explains about the Articles of yarn, strip.
Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. 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 Articles of yarn, strip fixed by GST council at the introduction of GST in July, 2017 is 12%
Articles of yarn, strip falls under GST HSN code number 5609
This details about GST rate tariff on Articles of yarn, strip is only for information. The validity of above information and amendments about GST rate on Articles of yarn, strip may be verified before any business dealing.
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