GST on Fork-lift trucks business
How much GST tax payable on Fork-lift trucks, trucks fitted with lifting or handling equipment? What is the present GST rate tariff on Fork-lift trucks, trucks fitted with lifting or handling equipment? Present Indian GST charges on Fork-lift trucks, trucks fitted with lifting or handling equipment?
This article enlightens you about the Fork-lift trucks, trucks fitted with lifting or handling equipment.
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 Fork-lift trucks, trucks fitted with lifting or handling equipment fixed by GST council at the introduction of GST in July, 2017 is 28%
Fork-lift trucks, trucks fitted with lifting or handling equipment falls under GST HSN code 8427
This details about GST rate tariff on Fork-lift trucks, trucks fitted with lifting or handling equipment is only for information. The validity of above information and amendments about GST rate on Fork-lift trucks, trucks fitted with lifting or handling equipment may be verified before any business dealing.
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