Scaled down GST payable rate on intraocular lens business
What is the present GST rate tariff on intraocular lens? How much GST tax payable on Intraocular lens? What is the present GST rate on intraocular lens?
This information helps to know more about Scaled down GST payable rate on intraocular lens business.
Intraocular lens falls under GST HSN code chapter 9002. The GST rate fixed on intraocular lens by GST council on 18th May, 2017 was 18%. However, GST council Lowered down GST on Intraocular lens business to 12% as per GST council meet held on 11th June, 2017.
GST rate fixed on intraocular lens as per GST council meet on 18th May, 2017 is 18%
GST rate reduced on intraocular lens according to GST council meet held on 11th June, 2017 is 12 %.
The above details about Scaled down GST payable rate on intraocular lens is only for information.
The validity of above information and amendments about Scaled down GST payable on intraocular lens may be verified before any business dealing.
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.
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