Table of Contents
How much is GST on a pen?
The government had recently said that beginning October 2021, all pens would be taxed at 18\%. Now, all pens, including ballpoint, felt-tip, other porous tip pens, markers, pen holders, pencil holders, and similar holders, including caps and clips, now come under the 18\% GST category.
What is a paper tax?
Option a. Explanation: The income tax return is filled in a form(s) and filed with the taxing authority. that is why it is referred to as paper taxes. The tax returns are normally filed in most countries annually for an individual or business with filing an in regards to the wages, interest, dividends, profits or more.
What is the GST rate for stationery products?
However, all goods and services are taxed at 5 slabs namely, 0\%, 5\%, 12\%, 18\% and 28\%. In this article, we look at the GST rate for stationery products, pen and paper in detail. Majority of the stationery products including pens are classified under chapter 96 of the HSN code system.
What is the GST code for printing & advertising agency?
GST : HSN Code for Printing & Advertising Agency Ch Product Name HSN Code 4820 Approval / Estimate / Quotation 48209090 4820 Continuous Stationery 48209090 9003 Frame / Fitting (Wood / Metal) 90031900 4820 Binding Charges 48209090
What is the impact of GST on the print industry?
Printing Industry is a very wide Industry ranging from Newspapers to Commercial Books and Periodicals. Involvement of Jobwork and changes in definitions have made significant changes in the way GST Applies on Printing Works vis-à-vis Earlier VAT & Service Tax Regime.
Are pencils taxable under GST?
Majority of the stationery products, including pens, are classified under chapter 96 of the HSN code system. The only type of stationery product not attracting any GST is slate pencils, chalk and slates. All other stationery products are taxable under GST at the following rates.