GST payable rate on coin sorting machines business
GST duty payable on coin sorting machines, automatic banknote dispensers machines, addressing machines etc? How much GST tax payable on coin sorting machines, automatic banknote dispensers machines, addressing machines etc? Present Indian GST charges on coin sorting machines, automatic banknote dispensers machines, addressing machines etc?
This information is about GST payable rate on coin sorting machines, automatic banknote dispensers machines, addressing machines etc.
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.
Other office machines (for example, hectograph or stencil duplicating machines, addressing machines, automatic banknote dispensers, coin sorting machines, coin counting or wrapping machines,) [other than Braille typewriters, electric or nonelectric] fixed by GST council at the introduction of GST in July, 2017 is 28%
Coin sorting machines, automatic banknote dispensers machines, addressing machines etc falls under GST HSN code 8472
This details about GST rate tariff on coin sorting machines, automatic banknote dispensers machines, addressing machines etc is only for information. The validity of above information and amendments about GST rate on coin sorting machines, automatic banknote dispensers machines, addressing machines etc may be verified before any business dealing.
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