Brought down GST rate on purchase or sale of Hand bags and shopping bags of cotton
What is the present GST rate tariff on Hand bags and shopping bags of cotton? How much GST tax payable on Hand bags and shopping bags of cotton? GST duty payable on Hand bags and shopping bags of cotton?
This information helps to know more about Brought down GST amount of rate on Hand bags and shopping bags of cotton.
Hand bags and shopping bags of cotton falls under GST HSN code chapter 4202. The GST rate fixed on Hand bags and shopping bags of cotton by GST council on 18th May, 2017 was 28%. However, GST council Lowered down payable GST on sale or purchase of Hand bags and shopping bags of cotton to 18% as per GST council meet held on 11th June, 2017.
GST rate fixed on Hand bags and shopping bags of cotton as per GST council meet on 18th May, 2017 is 28%
GST rate reduced on Hand bags and shopping bags of cotton according to GST council meet held on 11th June, 2017 is 18 %.
The above details about Brought down GST amount of rate on Hand bags and shopping bags of cotton is only for information.
The validity of above information and amendments about Brought down GST amount of rate on Hand bags and shopping bags of cotton may be verified before any business dealing.
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.
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