GST levied rate on purchase or sale of Paints and varnishes
What is the present GST rate tariff on Paints and varnishes? How much GST tax payable on Paints and varnishes? Goods and Service Tax rate for Paints and varnishes?
This article explains about the Paints and varnishes.
The rate of GST on Paints and varnishes (including enamels and lacquers) based on synthetic polymers or chemically modified natural polymers fixed by GST council at the introduction of GST in July, 2017 is 28%
The goods mentioned above falls under HSN b 3208 and HSN b 3209
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.
This details about GST rate tariff on Paints and varnishes is only for information. The validity of above information and amendments about GST rate on Paints and varnishes may be verified before any business dealing
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