GST rate on purchase or sale of Antiques

GST taxable rate on Antiques


What is the present GST rate tariff on Antiques? How much GST tax payable on Antiques? GST duty payable on Antiques?

GST taxable rate on Antiques

The below information details about GST rate tariff on Antiques


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 Antiques fixed by GST council at the introduction of GST in July, 2017 is 12%



Antiques falls under GST HSN code number 9706

 


 


This details about GST rate tariff on Antiques is only for information. The validity of above information and amendments about GST taxable rate on Antiques may be verified before any business dealing.


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