No interest for filing on or before 8th May, interest reduced to 9% between 9th May and 23rd May, but charged at 18% thereafter. (3) The time limit to file ITC-03 by newly opted composition taxable persons for FY 2021-22 is extended up to 31st May 2021.
1% is the GST composition scheme rate for manufacturers and traders. 5% is the GST composition rate for restaurants not serving alcohol whereas 6% is the GST composition scheme rate for other service providers. GST composition scheme turnover limit is currently Rs.1.5 crore.
1% is the GST composition scheme rate for manufacturers and traders. 5% is the GST composition rate for restaurants not serving alcohol whereas 6% is the GST composition scheme rate for other service providers. GST composition scheme turnover limit is currently Rs.1.5 crore.
Limestone flux; limestone and other calcareous stone, of a kind used for the manufacture of lime or cement. Marble and granite blocks attract a GST rate of 12%. On the other hand, marble, granite and travertine, in other than blocks attract a GST rate of 28%.
GST Tax Rate: 18%
Most of the iron and steel products fall under the 18% GST category. These include raw materials, structural elements, and finished goods such as TMT bars, steel plates, and sheets.
GST rates and HSN code for Original Sculptures. HSN CodeDescriptionRate Revision 9703 Original Sculptures And Statuary, In Any Material 12% 970300 Original Sculptures And Statuary, In Any Material 12% 97030010 Original Sculptures And Statuary, In Metal 12% 97030020 Original Sculptures And Statuary, In Stone 12%1 more row
HSN (Harmonised System of Nomenclature) codes are essential for Goods and Services Tax (GST) in India. They categorise goods based on their characteristics and facilitate uniform taxation. Understanding HSN codes ensures accurate tax calculation and compliance with GST regulations.
Limestone flux; limestone and other calcareous stone, of a kind used for the manufacture of lime or cement. Marble and granite blocks attract a GST rate of 12%. On the other hand, marble, granite and travertine, in other than blocks attract a GST rate of 28%.
GST Rate & HSN Code for Diamonds DescriptionHSN CodeGST Rate Rough diamonds or sawn diamonds (industrial or non-industrial) 7102 0.25% Precious and semi-precious stones (excluding diamonds) 7103 0.25% Synthetic or reconstructed diamonds and stones 7104 0.25% Diamond jewellery and parts made of precious metals 7113 3%