GST exemptions
No need to pay GST on sale of Plant bark
Plant bark attracts no GST
What is the concessional rate of GST on Plant bark? Any GST payable for sale of Plant bark? Should I need to pay GST on my product Plant bark?
GST tax on Plant bark under HSN chapter 0306
As per GST Law, there is no GST payable on Plant bark.
So the rate of GST payable on Plant bark is nil rate.
The GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury – 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.
The above details about GST rate tariff on Plant bark is only for information.
The validity of above information and amendments about GST rate on Plant bark may be verified before any business dealing.