TMI BlogFAQ on HSN Code and GST rates dated 25-07-2017X X X X Extracts X X X X X X X X Extracts X X X X ..... tract 28% GST. In addition, handmade biris attract NCCD of Re. 1 per thousand. Machine made biris attract NCCD of ₹ 2 per thousand. Q. 5. What is the GST rate on sugarcane procured by the sugar mills which is generally fresh and procured directly from the farm? Ans. Fresh or chilled sugarcane, falling under heading 1212, attracts Nil GST. Q. 6. Will 5% GST on raw cotton be paid directly by factories on reverse charge basis and who will pay it? Ans. Where the supply of raw cotton is by an agriculturist [as defined under section 2(7) of the Central Goods and Services Tax Act, 2017] to a registered person, GST will have to be paid by such registered person on reverse charge basis. Q. 7. What is the GST r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aysia saal and Marandi wood? Ans. Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared, is classifiable under heading 4403 and attracts 18% GST. Q. 12. What is the GST rate on Khakhara (traditional food)? Ans. Khakhra falls under Namkeens, bhujia, mixture, chabena and similar edible preparations in ready for consumption form which is classifiable under heading 2106 90 and attracts 12% GST. Q. 13. Is NCCD leviable on tobacco products from 1st July, 2017? What will be the method of valuation for levy of NCCD? Ans. NCCD shall continue to be levied on tobacco and tobacco products at the rates as applicable prior to 1st July, 2017. Since NCCD is a duty of excise, the va ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... two or more monofilaments of Chapter 54) measuring more than 10,000 decitex are classifiable under heading 5607 as twine and attract 12% GST. Q. 18. What is the HSN code and rates for Soft drinks i.e. aerated drinks? Ans. All goods [including aerated waters], containing added sugar or other sweetening matter or flavoured falling under heading 2202 10 attract 28% GST and 12% Compensation Cess. Q. 19. What is the HSN code and rates for Mutton leg? Ans. Meat of sheep or goats (including mutton leg), fresh, chilled or frozen [other than frozen and put up in unit container] falling under heading 0204 is exempt from GST. However, meat of sheep or goats (including mutton leg), g frozen and put up in unit container ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
