GST rate on Soya bean oil and its fractions
What is the present GST rate tariff on Soya bean oil and its fractions? How much GST tax payable on Soya bean oil and its fractions? Present Indian GST charges on Soya bean oil and its fractions?
The below information details about GST slab rate on Soya bean oil and its fractions
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.
The rate of GST on Soya bean oil and its fractions, whether or not refined, but not chemically modified. Fixed by GST council at the introduction of GST in July, 2017 is 5%
Soya bean oil and its fractions, whether or not refined, but not chemically modified. Falls under GST HSN code number 1507
This detail about GST rate tariff on Soya bean oil and its fractions is only for information.
The validity of above information and amendments about GST rate on Soya bean oil and its fractions may be verified before any business dealing.
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