Minimized GST slab rate on purchase or sale of Coir mats
Is GST rate on Coir mats reduced? What is the present GST rate tariff on Coir mats? How much GST tax payable on Coir mats?
This information helps to know more about Minimized GST slab rate on purchase or sale of Coir mats
Coir mats falls under GST HSN code chapter 57. The GST rate fixed on Coir mats by GST council on 18th May, 2017 was 12%. However, GST council Reduced GST slab rate on Coir mats to 5% as per GST council meet held on 11th June, 2017.
GST rate fixed on Coir mats as per GST council meet on 18th May, 2017 is 12%
GST rate reduced on Coir mats according to GST council meet held on 11th June, 2017 is 5%.
The above details about Minimized GST slab rate on Coir mats is only for information.
The validity of above information and amendments about Minimized GST slab rate on Coir mats may be verified before any business dealing.
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.
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