GST imposed rate on purchase or sale of Soya milk drinks
How much GST tax payable on Soya milk drinks? What is the present Indian GST charges on Soya milk drinks? What is the present GST rate tariff on Soya milk drinks?
The below information details about GST imposed rate on Soya milk drinks
The rate of GST on Soya milk drinks fixed by GST council at the introduction of GST in July, 2017 is 12%
Soya milk drinks falls under GST HSN code 2202
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.
This detail about GST rate tariff on Soya milk drinks is only for information. The validity of above information and amendments about GST rate on Soya milk drinks may be verified before any business dealing.
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