GST exemptions
Zero rate of GST on sale of Salt
Salt attracts no GST
My business is purchase and sale of Salt, all types. Should I need to pay GST in India on Salt, all types business? Is GST exempted on Salt, all types?
GST tax on Salt, all types under HSN chapter 2501
As per GST Law, there is no GST payable on Salt, all types.
So the rate of GST payable on Salt, all types is nil rate.
The Goods and Services Tax (GST) will be levied at multiple rates ranging from 0 per cent to 28 per cent. GST Council finalised a four-tier GST tax structure of 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 Salt, all types is only for information.
The validity of above information and amendments about GST rate on Salt, all types may be verified before any business dealing.