Table of Contents
- 1 What is the GST for plastic?
- 2 How much GST is on household items?
- 3 Which items are in 5 GST slab?
- 4 Is GST applicable on household goods?
- 5 What is the GST of hardware items?
- 6 What is the GST rate on bricks?
- 7 What is the GST rate on electrical goods/machinery?
- 8 What is the GST rate for residential real estate?
What is the GST for plastic?
Most plastic products are being sold with value-added tax (VAT) ranging from 5 per cent to 14.5 per cent. These products will attract GST rates of 18 per cent and 28 per cent.
How much GST is on household items?
The rate for each household electronic appliance like the fridge, washing machine, vacuum cleaner etc is fixed at the rate of 28\% under GST. It is likely that the increase in the tax burden by 2-3\% under GST would be passed on to the final consumer.
Which items are in 5 GST slab?
What is Included Under the 5\% GST Rate List?
- Edible oil, spices, tea, coffee, and sugar.
- Coal.
- Indian sweets or Mithai.
- Life-saving drugs and medicines, like insulin.
- Numismatic coins.
- Ice and snow.
- Walking sticks.
- Different accessories or carriage parts for differently-abled individuals.
How much GST is PVC pipe?
HSN Code 0901
| HS Code | Description | GST\% |
|---|---|---|
| 090111 | *OTHR POLYVINYL CHLORIDE NON-PLASTICISD NES Products Include: Cpvc Pipe | 5\% |
| 09011200 | FITTINGS FOR TUBES PIPES AND HOSES OF PLSTC Products Include: Waste Pipe, Hdpe Pipes, Plastic Items, Pvc Box,Cpvc Pipe, Strap, Cable Gland | 5\% |
What is HSN code for plastic items?
HSN code for Plastics/Rubbers 39-40
| HSN Code | Description of Goods | Rate |
|---|---|---|
| 3923 | Articles for the conveyance or packing of goods, of plastics; stoppers, lids, caps and other closures, of plastics | 18 |
| 3924 | Tableware, kitchenware, other household articles and hygienic or toilet articles, of plastics | 18 |
Is GST applicable on household goods?
no. 11, (i) Services of goods transport agency (GTA) in relation to transportation of goods (including used household goods for personal use) (Heading 9965 &9967 respectively) attracts GST @2.5\% or 6\% CGST. Identical rate would be applicable for SGST also, taking the effective rate to 5\% or 12\%.
What is the GST of hardware items?
Tax rate on hardware, pipes and fittings is 18\% with full Input tax credit. For more details you can search item with HSN code for goods falling under this heading. Tubes, pipes and hoses, and fittings therefor, of plastics under the chapter [3917] are to be taxed at 18\% with full ITC.
What is the GST rate on bricks?
5\%
Building bricks and bricks of fossil meals attract 5\% GST. On the other hand, multicellular or foam glass in blocks, panels, plates, shells or similar forms attract a 28\% GST. Tiles like bricks attract GST rate in the range of 5\% to 28\%.
What is the GST rate for plastic products?
The overall increase in tax will not only hit thousands of small and medium plastics industries but also the poor and middle class who have to face the increase in plastic product prices, it added. GST rates are 18 per cent and 28 per cent on plastic products.
What are the products under the GST rates slab?
Major products which can come under GST rates slab includes : 1 Petroleum products- Petrol and Diesel 2 Land 3 Electricity 4 Others
What is the GST rate on electrical goods/machinery?
GST rate on electrical goods/machinery Rate of GST on goods 5\% Hand pumps and it’s parts Solar water he 12\% Nuclear fuel elements like uranium and t 18\% Nuclear reactors and cartridges Steam or 28\% Spark ignition combustion piston engine
What is the GST rate for residential real estate?
The GST rate applicable to such commercial or residential transactions is 12\% till 31st March 2019. From 1st April, the applicable GST Rates on residential real estate will be 5\% for non-affordable housing properties and 1\% for affordable housing properties.