GST rate on sale or purchase of Synthetic or artificial filament tow

Posted on 19 April 2023 Category : GST tariff

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Rate of GST on Synthetic or artificial filament tow business

What is the present GST rate tariff on Synthetic or artificial filament tow? How much GST tax payable on Synthetic or artificial filament tow? Goods and Service Tax rate for Synthetic or artificial filament tow? The belowinformation details about GST rate tariff on Synthetic or artificial filament tow.

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 Synthetic or artificial filament tow fixed by GST council at the introduction of GST in July, 2017 is 12% .

Synthetic or artificial filament tow falls under GST HSN code number 5501

This details about GST rate tariff on Narrow woven fabrics is only for information. The validity of above information and amendments about GST rate on Synthetic or artificial filament tow may be verified before any business dealing.

The above details explain about GST rate tariff on Synthetic or artificial filament tow. If you would like to express your views about GST rate tariff on Synthetic or artificial filament tow you may opine below. Share your views about GST impact on Synthetic or artificial filament tow business industry.

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