Nil rate of GST on sale of Waste of wool
Does Waste of wool fall under GST exemption list? No GST applicable for Waste of wool? Should I need to pay GST on my product Waste of wool?
GST tax on Waste of wool under HSN chapter 5103
As per GST Law, there is no GST payable on Waste of wool.
So the rate of GST payable on Waste of wool is nil rate.
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 above details about GST rate tariff on Waste of wool is only for information.
The validity of above information and amendments about GST rate on Waste of wool may be verified before any business dealing.
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