GST slab rate on , purchase or sale of Animal fats and oils
How much GST tax payable on Animal fats and oils ? Present Indian GST charges on Animal fats and oils? Goods and Service Tax rate for Animal fats and oils?
Here let us discuss about GST rate tariff on Animal fats and oils.
The rate of GST on Animal fats and oils fixed by GST council at the introduction of GST in July, 2017 is 12 %
The above goods mentioned falls under [GST HSN chapter code 1501 to GST HSN chapter code 1506]
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.
This details about GST rate tariff on Animal fats and oils is only for information. The validity of above information and amendments about GST rate on Animal fats and oils may be verified before any business dealing.
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