What is the GST rate for Tyres?
28%
The GST rates of 5%, 12%, 18% and 28% on goods, were affecting consumers with several pros and cons on services. However, services such as healthcare and educational services were excluded from GST. The passed GST rates slabs from the GST council consists of NIL, 5%, 12%, 18%, 28% rates on different services.22-Jul-2022
Which items are in 28 GST slab?
What Comes Under 28% GST Rate?
3% GST Goods
How much is GST on a belt?
12%
HSN Chapter 40 – Rubber and Rubber Products
What are the items under 12% GST?
Under this slab, products like cell phones, sewing machine, umbrella, jewelry box, along with processed foods like frozen meat, fruit juices, butter, cheese, ghee are covered. The services under this slab include business class flight tickets and movie tickets below ₹ 100.
“Prices will go up on daily essentials for end-consumer who cannot avail input tax credit benefits. These include pre-packaged or labeled buttermilk, curd, and paneer, earlier exempted, and will now attract 5 per cent GST starting from 18th July 2022," said Archit Gupta, Founder and CEO of Clear.16-Jul-2022
What is the GST rate in 2022?
The Central Board of Indirect Taxes and Customs (CBIC) has notified that 18% Goods and Services Tax (GST) rate will be applicable 1 J 1 January 2022 onwards and f the 12% GST rate for government contracts will be withdrawn.
The top tax rate of 28 per cent will now be levied on goods like pan masala, aerated water and beverages, cigars and cigarettes, tobacco products, cement, paints, perfumes, ACs, dish washing machine, washing machine, refrigerators, vacuum cleaners, cars and two-wheelers, aircraft and yachts.10-Nov-2017
What are the new changes in GST 2022?
Amended GST Rates applicable from 18th July 2022
Currently, the types of GST in India are CGST, SGST, and IGST. This simple division helps distinguish between inter-state and intra-state supplies and mitigates indirect taxes. To learn more, read about these three different types of GST.
What is the highest GST rate in India?
GST Rates for Goods The government has proposed a 4-tier tax structure for all goods and services under the slabs- 5%, 12%, 18% and 28%. After the recent revision of GST rates, these are the commodities that fall under the four tax slabs along with those that do not attract any tax.01-Aug-2022
3%
What is the GST rate on LED lights?
All types of LED light fittings attract 12% GST: LED lights or fixtures including LED lamps. LED (light-emitting diode) driver and MCPCB (Metal Core Printed Circuit Board)
As of January 1, 2022, the effective GST rate on footwear costing below Rs 1,000 has been raised from 5 percent to 12 percent, while the rate for footwear costing above Rs 1,000 was rationalised to 12 percent, down from 18 percent.07-Apr-2022
What is the GST on leather bags?
HSN Code & GST Rate for Leather Articles - Chapter 42
INNER TUBES RUBBER - GST RATES & HSN CODE 4013.
What is HSN code in GST?
Harmonized System of Nomenclature code
Condoms and contraceptives is exempted from paying GST As per GST Law, there is no GST payable on Condoms and contraceptives. So the rate of GST payable on Condoms and contraceptives is nil rate. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods.04-Jan-2019
What is the GST rate for HSN code?
Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12%, 18% and 28%.
What is the GST rate for Tyres?