No need to pay GST on purchase of Cocoon

 

Cocoon is exempted from paying GST

 

What is the concessional rate of GST on Cocoon? Does Cocoon fall under GST exempted items? Any GST payable for sale of Cocoon?

 

No need to pay GST on purchase of Cocoon

GST tax on Cocoon under HSN chapter 5001

 



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

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

 

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.

 

This information is about GST on Cocoon.  Would you like to add more information about GST rate tariff on Cocoon?  Share below your comments about Goods and Service Tax levied on sale or purchase of Cocoon.

 

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

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

 

 

 

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Rate of GST payable for Silk and Silk products

No need to pay GST on sale of Raw silk

Zero rate of GST on purchase of Silkworm laying

No need to pay GST on purchase of Cocoon

Zero rate of GST on sale of Silk waste

 

 

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