GST payable rate on Vegetable fats and oils business
What is the present GST rate tariff on Vegetable fats and oils? How much GST tax payable on Vegetable fats and oils? Present Indian GST charges on Vegetable fats and oils?
The below information details about GST on Vegetable fats and oils
We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. under GST- 5 percent for essential goods, standard rate of 12 and 18 percent, high rate of 28 percent and peak rate of 28 percent plus cess for luxury items. The most essential goods and services attract nil rate of GST under Exempted Categories
The rate of GST on Vegetable fats and oils fixed by GST council at the introduction of GST in July, 2017 is 5%
The above rate is applicable on goods under HSN- 1507 and 1516
This detail about GST rate tariff on Vegetable fats and oils is only for information.
The validity of above information and amendments about GST rate on Vegetable fats and oils may be verified before any business dealing.
The above details explain about GST on Vegetable fats and oils. If you would like to express your views about GST on Vegetable fats and oils you may opine below. Share your views about GST impact on Vegetable fats and oils business industry.
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