GST percentage on sale or purchase of Reaction initiators
What is the present GST rate tariff on Reaction initiators? How much GST tax payable on Reaction initiators Present Indian GST charges on Reaction initiators?
This article explains about the Reaction initiators
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.
The rate of GST on Reaction initiators, reaction accelerators and catalytic preparations, not elsewhere specified or included fixed by GST council at the introduction of GST in July, 2017 is 18%
Reaction initiators, reaction accelerators and catalytic preparations, not elsewhere specified included falls under GST HSN code number 3815
This details about GST rate tariff on Reaction initiators is only for information. The validity of above information and amendments about GST rate on Reaction initiators may be verified before any business dealing.
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