Zero rate of GST on purchase of Silkworm laying

Posted on 17 April 2023 Category : GST exemptions

Silkworm laying is exempted GST

Any GST payable for sale of Silkworm laying? Does Silkworm laying fall under GST exemption list? Should I need to pay GST on my product Silkworm laying?

GST tax on Silkworm laying under HSN chapter 5001

As per GST Law, there is no GST payable on Silkworm laying.

So the rate of GST payable on Silkworm laying 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.

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

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

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