GST tariff rate on purchase or sale of Pneumatic tyres or inner tubes
GST duty payable on Pneumatic tyres or inner tubes? Goods and Service Tax rate for Pneumatic tyres or inner tubes? What is the present GST rate tariff on Pneumatic tyres or inner tubes?
The below information details about GST tariff rate on Pneumatic tyres or inner tubes
The rate of GST on Pneumatic tyres or inner tubes, of rubber, of a kind used on/in bicycles, cycle -rickshaws and three wheeled powered cycle rickshaws [GST HSN chapter code 4011, GST HSN chapter code 4013] fixed by GST council at the introduction of GST in July, 2017 is 5%
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 Pneumatic tyres or inner tubes is only for information. The validity of above information and amendments about GST rate on Pneumatic tyres or inner tubes may be verified before any business dealing.
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