Contractor Work Project With Gst Rate In Kings
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Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12%, 18% and 28%.
Login to the GST Portal with valid credentials. Click the Services > User Services > Search HSN Code option. Note: You can search for a particular HSN Code of specific goods or services, in pre-login mode on the GST Portal, by Navigating to Services > User Services > Search HSN Code option.
What is the GST on Steel and Iron? Iron and steel bars, scraps, pipes, sheets, and wires are generally subject to an 18% GST rate in India.
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%.
A select group of stationery items and pens are subject to a 28% GST rate under the Goods and Services Tax (GST) system. Interestingly, these products are not classified under Chapter 96, which typically covers stationery. Instead, they fall under Chapter 83, categorised as miscellaneous articles made of base metal.
GST Rate for Iron and Steel All iron and steel products are classified under chapter 72 of the HSN code and attract a uniform GST rate of 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.
What product is 18% GST? The 18% GST rate applies to a wide range of goods and services, including mobile phones, hair oil, toothpaste, industrial intermediates, and toiletries. This rate is considered the standard rate for most goods and services in India, balancing revenue generation with consumer affordability.
Iron and steel are key products in the manufacturing and construction sectors. Under the Goods and Services Tax (GST) regime, the applicable GST rate on various iron and steel products is primarily 18%.
