Marble Handicrafts Gst Rate

The exponents fear that levying gst on marble handicrafts may result in decline in this business.

Marble handicrafts gst rate.

Manufacturer of marble god statue marble handicrafts items radha krishna marble statue offered by moorti mahal from jaipur rajasthan india. Cbic notifies concessional cgst rate on specified handicraft items vide notification no. Itc hs code description hs codes as in gst schedule description rates after 28th gst council meeting 1 33019031 attars of all kinds in fixed oil base 3301 esnl ols cncrts abslts rsnds extrtd. Jagdamba marble handicrafts is one of the most renowned manufacturers exporters and suppliers of a supreme quality range of stone handicrafts accessories since our inception in the year 1988 in our range we offer decorative eggs soapstone pill boxes marble inlay boxes carved stone vase sculptures vastu education towers and soapstone tea coasters.

On thursday the goods and services tax gst council decided to bring 29 handicraft products under the 0 tax rate. 26 th july 2018 with effect from 27th of july 2018 to give effect to recommendations of 28th gst council meeting which was held on 21 07 2018. 21 2018 central tax rate dated. India exports about rs 4 000 crore of handicrafts every year including handmade carpets.

Presently handicraft items are placed in the 12 18 per cent tax slab. The government of india announced flat 18 gst rate on polished marble and granite slab o tiles today. Get in touch with us for best deals. Marble inlay table tops.

Export promotion council for handicrafts export of handicrafts on 167 hs codes with gst rate sl. Contact number call response rate. Call 08048719069 45 response rate. Government of india ministry of finance department of revenue new delhi.

We are the leading manufacturer of marble handicrafts in jaipur. Under gst tax rates vary between 0 5 12 18 and 28. Building stone material like marble granite sand stone falls under the chapter 68 of hsn code. However with the modi government now deciding to impose 12 per cent goods and services tax gst on agra s marble handicrafts the industry is worried that it will adversely affect its growth.

The revised gst rates will be applicable from january 25. Gst rates on marble and granite. For more work visit. List of gst rates on building construction stones.

Gst is perhaps the biggest tax related reform in india since independence bringing uniformity in the taxation structure and eliminating the cascading of taxes that was levied in the past the gst council meets from time to time to revise the gst rates for various products.