GST scheduled rate on Spectacle lenses, contact lens

GST payable rate on purchase or sale of Spectacle lenses, contact lens

 

What is the present GST rate tariff on Spectacle lenses, contact lens? How much GST tax payable on Spectacle lenses, contact lens? What is the present GST rate on Spectacle lenses, contact lens?

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The below information details about GST rate tariff on Spectacle lenses, contact lens


The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. According to GST slabs, the most essential goods and services fall under the exempt list while Commonly used Goods and Services have been put in the lowest tax bracket of 5 per cent. Standard Goods and Services are in 12 per cent tax bracket, the government has kept a large number of items under 18% tax slab. only Special category of Goods and Services including luxury goods fall in the top tax bracket of 28 per cent. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.


The rate of GST on Spectacle lenses, contact lens fixed by GST council at the introduction of GST in July, 2017 is 12%



Spectacle lenses, contact lens falls under HSN chapter number 9001

 

This details about GST rate tariff on Spectacle lenses, contact lens is only for information. The validity of above information and amendments about GST rate on Spectacle lenses, contact lens may be verified before any business dealing.


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