GST percentage on sale or purchase of Artificial fur
Present Indian GST charges on Artificial fur? Goods and Service Tax rate for Artificial fur? GST duty payable on Artificial fur?
This information is about GST scheduled rate on Artificial fur.
The rate of GST on Artificial fur; Artificial fur as trimmings and embellishments on garments, made ups, knitwear, plastic and leather goods fixed by GST council at the introduction of GST in July, 2017 is 18%
Artificial fur falls under GST HSN code 4304
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 Artificial fur is only for information. The validity of above information and amendments about GST rate on Artificial fur may be verified before any business dealing.
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