GST imposed rate on Aluminium wire business
Present Indian GST charges on Aluminium wire? Goods and Service Tax rate for Aluminium wire? GST duty payable on Aluminium wire?
The below information details about GST on Aluminium wire
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.
The rate of GST on Aluminium wire fixed by GST council at the introduction of GST in July, 2017 is 18%
Aluminium wire falls under GST HSN code number 7605
These details about GST rate tariff on Aluminium wire is only for information.
The validity of above information and amendments about GST rate on Aluminium wire may be verified before any business dealing
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