GST exemptions
Nil tariff GST on sale of Common salt
Common salt attracts no GST
What is the concessional rate of GST on Common salt, iodized and other fortified salts? Does Common salt, iodized and other fortified salts fall under GST exempted items? Should I need to pay GST on my product Common salt, iodized and other fortified salts?
GST tax on Common salt, iodized and other fortified salts under HSN chapter 2501
As per GST Law, there is no GST payable on Common salt, iodized and other fortified salts.
So the rate of GST payable on Common salt, iodized and other fortified salts is nil rate.
Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. 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%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess.
The above details about GST rate tariff on Common salt, iodized and other fortified salts is only for information.
The validity of above information and amendments about GST rate on Common salt, iodized and other fortified salts may be verified before any business dealing.