GST scheduled rate on Degras residues business.
How much GST tax payable on Degras residues ? Present Indian GST charges on Degras residues ? Goods and Service Tax rate for Degras residues ?
Here let us discuss about GST rate tariff on Degras residues.
The rate of GST on Degras, residues resulting from the treatment of fatty substances or animal or vegetable waxes fixed by GST council at the introduction of GST in July, 2017 is 18 %
Degras residues falls under GST HSN chapter code 1522
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 Degras residues is only for information. The validity of above information and amendments about GST rate on Degras residues may be verified before any business dealing.
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