Zero percentage GST on Cheques

">No GST on sale of Nonjudicial stamp papers

No need to pay GST on sale of Court fee stamps

Zero rate of GST on sale of Judicial stamp papers

Zero rate of GST on sale of rupee notes

Nil rate tariff of GST on sale of Postal items

Zero percentage GST on Cheques

Turned down GST payable rate on purchase or sale of Exercise books and note books

Slimmed down GST percentage on sale or purchase of mixed condiments and mixed seasonings

Scaled down GST taxable rate on sale or purchase of Kites

 

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Definition of E-Commerce under GST

 

 

Cheques attracts no GST

 

GST on Cheques is nil rate? Is GST payable on sale of Cheques, loose or in book form? Cheques, loose or in book form falls under GST exemption list

Zero percentage GST on Cheques

GST tax on Cheques, loose or in book form under HSN chapter 4817

 



As per GST Law, there is no GST payable on Cheques, loose or in book form.  

So the rate of GST payable on Cheques, loose or in book form is nil rate.

 

Revised GST Rates with effect from 18th July, 2022

                                                     Present rate           new rate

Cheques, loose or in book form                Nil                    18%

 

The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. 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 Cheques, loose or in book form is only for information.

The validity of above information and amendments about GST rate on Cheques, loose or in book form may be verified before any business dealing.

 

 

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