GST on Lubricating preparations
The GST tariff rate on goods under HSN 3403 has been Revised as per GST council meet held on 10th November, 2017. The details of revised GST rate on Lubricating preparations is as follows:
Latest GST rate on Lubricating preparations
HSN number: 3403
Lubricating preparations (including cutting-oil preparations, bolt or nut release preparations, anti-rust or anti-corrosion preparations and mould release preparations, based on lubricants) and preparations of a kind used for the oil or grease treatment of textile materials, leather, furskins or other materials, but excluding preparations containing, as basic constituents, 70% or more by weight of petroleum oils or of oils obtained from bituminous minerals.
GST rate before 10th November, 2017: 28%
Revised rate of GST w.e.f 10.11.2017: 18%
In this article I have explained about revised GST rate on Lubricating preparations. Do you wish to add more information about revised GST rates on Lubricating preparations? Share below your thoughts about revised GST rates on Lubricating preparations.
Click here to know GST rate of your goods or service
Learn Exports Imports Free, Click here
Indian GST Laws
Is amendment of GST registration allowed in India?
Cancellation of GST registration in India
What are the risks and solutions in Export Business?
LC advantage exporter
LC advantage importer
TDS under GST, Frequently Asked Questions
Does Interest attract on GST Tax payment delay?
Mechanism of Payment of GST tax in India
UTGST Act 2017
IGST Act 2017
CGST Act 2017
GST for Services in India