Is GST applicable on printing books?
As per GST Law, there is no GST payable on Printed books. So the rate of GST payable on Printed books is nil rate. According to GST slabs, the most essential goods and services fall under the exempt list while Commonly used Goods and Services have been put in the lowest tax bracket of 5 per cent.
What is HSN tax code for books?
Code 4901
HSN Code 4901: Printed books, brochures and similar printed matter, whether or not in single sheets (excluding periodicals and publications which are essentially devoted to advertising)
How much is GST on a magazine?
Chapter 49
| Rate (\%) | Products Description | HSN Codes |
|---|---|---|
| NIL | Newspapers, journals and periodicals, whether or not illustrated or containing advertising material | 4902 |
| NIL | Children’s picture, drawing or colouring books | 4903 |
| 12\% | Music, printed or in manuscript, whether or not bound or illustrated | 4904 |
What is the GST rate applicable on printing bill book?
If you only print the bill book (i.e. JOB WORK), then apply SAC Code 9988, GST Rate shall be 5\%. The rate applicable on printing bill book is 12\%. HSN code-4911 GST Edge is a fin tech organization, providing one stop solution to all your GST problems.
What is the present GST rate for postcards?
Present GST rate Reduced GST rate 4907 Duty Credit Scrips 12\% 5\% 5. Transfers (decalcomanias) [GST HSN chapter code 4908] 6. GST HSN chapter code 4909 Printed or illustrated postcards; printed cards bearing personal greetings, messages or announcements, whether or not illustrated, with or without envelopes or trimmings. 7.
What is the GST HSN chapter code for printed books?
Printed books, including Braille books [GST HSN chapter code 4901] and newspaper, periodicals & journals [GST HSN chapter code 4902], maps, atlas, chart & globe [GST HSN chapter code 4905] [GST HSN chapter code 4902 Newspapers, journals and periodicals, whether or not illustrated or containing advertising material.
How many goods are in the 28\% tax slab?
By July 2018, the GST Council reduced tax rates on 191 goods, leaving only 35 items in the 28\% tax category. Some of these include: At the time of GST rollout, there were 226 goods in the highest tax slab. Over a period of 1 year, the GST Council has slashed the taxation rates for 191 items in total.