Castor oil seeds exempted from paying GST.
Is GST payable on sale of Castor oil seeds? Castor oil seeds falls under GST exemption list? What is the concessional rate of GST on Castor oil seeds? I am a live asses dealing business man. Should I need to pay GST?
GST tax on Castor oil seeds under HSN chapter 1207
As per GST Law, there is no GST payable on Castor oil seeds.
So the rate of GST payable on Castor oil seeds is nil rate.
Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess.
This information is about GST on Castor oil seeds. Would you like to add more information about GST rate tariff on Castor oil seeds? Share below your comments about Goods and Service Tax levied on sale or purchase of Castor oil seeds.
The above details about GST rate tariff on Castor oil seeds is only for information.
The validity of above information and amendments about GST rate on Castor oil seeds may be verified before any business dealing.
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