GST payable rate on sale or purchase of petromax
What is the present GST rate tariff on petromax? How much GST tax payable on petromax? What is the present GST rate on petromax?
The below information details about GST payable rate on petromax
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 petromax fixed by GST council at the introduction of GST in July, 2017 is 12%
Petromax falls under HSN chapter number 9405
This details about GST rate tariff on petromax is only for information. The validity of above information and amendments about GST rate on petromax may be verified before any business dealing.
I hope, this article can enlighten you on basic idea on GST payable rate on petromax. You can express your views on GST payable rate on petromax.
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