GST imposed rate on Starches business
What is the present GST rate tariff on Starches? How much GST tax payable on Starches? Present Indian GST charges on Starches?
The below information details about GST imposed rate on Starches
The rate of GST on Dextrin’s and other modified starches (for example, pre gelatinised or esterified starches); glues based on starches, or on dextrin’s or other modified starches fixed by GST council at the introduction of GST in July, 2017 is 18%
Dextrin’s and other modified starches (for example, pre gelatinised or esterified starches); glues based on starches, or on dextrin’s or other modified starches falls under GST HSN code number 3505
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 Starches is only for information. The validity of above information and amendments about GST rate on Starches may be verified before any business dealing.
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