GST slab rate on purchase or sale of Lantern
What is the present GST rate tariff on Lantern? How much GST tax payable on Lantern? What is the present GST rate on Lantern?
The below information details about GST slab rate on Lantern
Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. 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 Lantern fixed by GST council at the introduction of GST in July, 2017 is 12%
Lantern falls under HSN chapter number 9405
his details about GST rate tariff on Lantern is only for information. The validity of above information and amendments about GST rate on Lantern may be verified before any business dealing.
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