GST imposed rate on Ground-nuts business
GST charges on Ground-nuts? Goods and Service Tax rate for Ground-nuts? How much GST tax payable on Ground-nuts?
Here let us discuss about GST rate tariff on Ground-nuts
The rate of GST on Ground-nuts, not roasted or otherwise cooked, whether or not shelled or broken fixed by GST council at the introduction of GST in July, 2017 is 5%
Ground-nuts falls under GST HSN 1202
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 Ground-nuts is only for information. The validity of above information and amendments about GST rate on Ground-nuts may be verified before any business dealing.
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