Nil rate tariff of GST on sale of rakes

Posted on 17 April 2023 Category : GST exemptions

rakes is exempted from paying GST

Any GST concession on sale of rakes? Does rakes fall under GST exempted items? Should I need to pay GST on my product rakes?

GST tax on rakes under HSN chapter 8201

As per GST Law, there is no GST payable on rakes.

So the rate of GST payable on rakes is nil rate.

The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. According to GST slabs, the most essential goods and services fall under the exempt list while Commonly used Goods and Services have been put in the lowest tax bracket of 5 per cent. Standard Goods and Services are in 12 per cent tax bracket, the government has kept a large number of items under 18% tax slab. only Special category of Goods and Services including luxury goods fall in the top tax bracket of 28 per cent. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.

The above details about GST rate tariff on rakes is only for information.

The validity of above information and amendments about GST rate on rakes may be verified before any business dealing.

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