GST imposed rate on sale or purchase of Cotton sewing thread
What is the present GST rate tariff on Cotton sewing thread? How much GST tax payable on Cotton sewing thread? Goods and Service Tax rate for Cotton sewing thread?
This article enlightens you about the Cotton sewing thread.
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 Cotton sewing thread fixed by GST council at the introduction of GST in July, 2017 is 5%
Cotton sewing thread falls under GST HSN 5202
This details about GST rate tariff on Cotton sewing thread is only for information. The validity of above information and amendments about GST rate on Cotton sewing thread may be verified before any business dealing.
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