Contractor Work Project With Gst Rate In Queens
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GST rates on iron and steel are charged at the rate of 18%.
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%.
Steel and metal furniture generally fall under the 18% GST slab.
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.
GST rates and HSN code for Structures Of Iron Or Steel. HSN CodeRate (%)Rate Revision 73083000 18 18% 73084000 18 18% 730890 18 18% 73089010 18 18%13 more rows
Currently the most common GST rates on goods in India are 0% or nil rated, 5%, 12%, 18%, and 28%. Two of the lesser common GST rates applicable to goods in India are 0.25% and 3%. In other cases, such as the GST composition scheme, slightly lower GST tax rates of 1.5%, 5% or 6% are applicable.
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%.
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 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%.
