Tetra Pak, printing, writing, or drawing ink, knives with cutting blades, paper knives, pencil sharpeners and blades, spoons, forks, ladles, skimmers, dairy equipment, power pumps, and LED lamps were among the items that were moved to the 18 percent slab from the 12 percent slab at the 47th GST Council meeting held in Chandigarh in June.
When the GoM meets later this month, it is anticipated that the option will be covered. The GST has four slabs: 5%, 12%, 18%, and 28 percent. It replaced a number of state and federal taxes. In addition to the four main slabs, cut diamonds, jewelry, and precious metals are taxed at rates of 1.5 percent and 3 percent, respectively. Some commodities, including cars, are subject to a top-up compensating cess. The GST rate for necessities is only 5%, whereas the highest tax for sin and luxury products is 28%.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.