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.
The current rates are as follows: For goods manufacturers and traders: 1% GST, divided as 0.5% CGST and 0.5% SGST. For restaurants not serving alcohol: 5% GST, divided as 2.5% CGST and 2.5% SGST. For service providers: 6% GST, divided as 3% CGST and 3% SGST.
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
Goods and services in India fall under different GST slabs: 0% for essential items, 5% for basic necessities, 12% for standard goods, 18% for most consumer products, and 28% for luxury and sin goods. Each slab is designed to categorise goods and services ing to necessity and luxury.
GST Tax Rate: 18%
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%.
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%
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%.