Table of Contents
What is the GST rate 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.
How much is the GST on copper?
Copper and Copper Products Taxed at 12\% GST.
What is special GST rate?
The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5\%, 12\%, 18\% and 28\% under GST. This is aside the tax on gold that is kept at 3\% and rough precious and semi-precious stones that are placed at a special rate of 0.25\% under GST.
How much GST is on a lock?
The locks category will now attract 18 \% GST. This is a positively beneficial move for the industry. We expect demand for branded locks to increase in the near future,” Motwani said.
Which items are in 12 GST slab?
What Comes Under the 12\% GST Slab?
- Real estate construction for selling purposes.
- Hotel accommodation with relevant expense within Rs.1001 and Rs.7500 per day.
- Movie tickets priced at or less than Rs.100.
- Railway coaches, wagons, or rolling stock sans refund of ITC.
- Intellectual Property rights on a temporary basis.
Is there GST on scrap metal?
This applies to scrap metal and equipment (such as trucks, and sorting and crushing machinery) that you use in your business. You can claim GST credits even if the sale you then make is GST-free – for example, a GST-free export of scrap metal.
What is the HSN code of brass scrap?
74040022
HSN Code 7404
| HS Code | Description | GST\% |
|---|---|---|
| 74040022 | BRASS SCRAP COVERED BY ISRI CODE DRINK , EBONY,ENERV,ELDER,ENGEL,ERIN,GRAPE,HONEY, IVORY,LABEL,LARK,MALON,NIGHT,NOBLE, ,Products include: Non Ferrous Scrap | 18\% |
| 74040029 | OTHER BRASS SCRAPS ,Products include: Magnifying Glass | 18\% |
What is GST rate on agarbatti?
GST Rates Revised for Certain Items
| Item | Earlier GST rate | New GST rate |
|---|---|---|
| Kajal pencil sticks | 28\% | 18\% |
| Agarbatti | 12\% | 5\% |
| Plastic beads | 28\% | 12\% |
| Plastic Tarpaulin | 28\% | 18\% |
What is the current GST rate for under construction flats?
However, under GST a single rate of 12\% is applicable on under construction properties whereas no GST is applicable on completed or ready to sale properties only if the Completion Certificate (CC) has been issued.
What are the HS codes for brass with GST rates?
All HS Codes or HSN Codes for brass with GST Rates HSN Code 1005 OTHR GRMNTS OF CTN FOR MENS OR BOYS Products Include: Reflective Tape, Hoodie Jacket HSN Code 1205
What are the different GST rates on goods and services?
Ans. Currently five different GST rates are applicable on goods. These are 0.25\% (eg. cut and semi-polished stones), 5\% (eg. household necessities), 12\% (eg. computers), 18\% (eg. hair oil) and 28\% (eg. aerated drinks ). Q2. What are the different GST rates on services?
What is the GST rate for cut and semi-polished stones?
UPDATE: As per 37th GST Council Meeting, cut and semi-polished stones will be taxed at 0.25\% GST. This is a 5th GST tier that only includes a few products. Apart from other items that enjoy zero GST tax rate, these are the commodities added to the list after 11th June rate revision – Bones and horn-cores unworked and waste of these products.
What are the different types of buckles available?
Gear buckle – Available in 20mm, 25mm, 32mm, 38mm, 44mm and 50mm single and double tongue. Girth Buckles available in brass with SS tongue and nickle plated.
https://www.youtube.com/watch?v=u0PSQYCvzdo