GST levied rate on purchase or sale of Lubricating preparations

GST imposed rate on Lubricating preparations business


GST levied rate on purchase or sale of Lubricating preparationsWhat is the present GST rate tariff on Lubricating preparations? How much GST tax payable on Lubricating preparations? Present Indian GST charges on Lubricating preparations?


The below information details about GST levied rate on Lubricating preparations



The rate of GST on Lubricating preparations (including cutting-oil preparations, bolt or nut release preparations, anti-rust or anti-corrosion preparations and mould release preparations, based on lubricants) and preparations of a kind used on the oil or grease treatment of textile materials, leather, foreskins or other materials, but excluding preparations containing, as basic constituents, 70% or more by weight of petroleum oils or of oils obtained from bituminous minerals fixed by GST council at the introduction of GST in July, 2017 is 28%

 

Lubricating preparations (including cutting-oil preparations, bolt or nut release preparations, anti-rust or anti-corrosion preparations and mould release preparations, based on lubricants) and preparations of a kind used on the oil or grease treatment of textile materials, leather, foreskins or other materials, but excluding preparations containing, as basic constituents, 70% or more by weight of petroleum oils or of oils obtained from bituminous minerals falls under GST HSN code number 3403

 

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 details about GST rate tariff on Lubricating preparations is only for information. The validity of above information and amendments about GST rate on Lubricating preparations may be verified before any business dealing.


The above details explain about GST levied rate on Lubricating preparations. If you would like to express your views about GST levied rate on Lubricating preparations you may opine below. Share your views about GST impact on Lubricating preparations business industry.

 

GST rate payable on goods or service, click here


Click here to know GST exemption list of goods and service


Find HSN number or Service tariff code for GST


GST registration guidelines


Indian GST Laws


How to export your goods?


How to get Export Order?


 

GST on Automatic regulating and apparatus

 

GST rate on Base metals, articles of base metals, cermets

 

GST slab on Beverages containing milk

 

GST rate on Blood glucose monitoring system and test strips

 

GST on Carpet industries and sale of textile floor coverings

 

GST slab rate on Cork and Cork products

 

GST on Coronary stents and coronary stent systems

 

GST rate on Disposable sterilized dialyzer or micro barrier of artificial kidney

 

GST payable rate on dried meat

 

GST on Embroidery zari articles


Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

 

GST registration guidelines

Indian GST Laws

How to export your goods?

Learn exports imports free of cost

 

GST rate changes 06th October, 2017

Reduced GST rates as per GST council meet 09th September 2017

 

Impact of GST on imports in India

Applicable import duty after GST implantation

How to calculate IGST under imports?

Changes in IEC after GST

Linking IEC with GSTIN in customs

Import under EPCG after GST

GST on imports by EOUs and SEZs

Changes of operation of SEZ

Does CVD exists under project imports?

Baggage clearance after GST implementation

 



Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers