Table of Contents
Is GST applicable on transportation of used household goods?
11, (i) Services of goods transport agency (GTA) in relation to transportation of goods (including used household goods for personal use) (Heading 9965 &9967 respectively) attracts GST @2.5\% or 6\% CGST. Identical rate would be applicable for SGST also, taking the effective rate to 5\% or 12\%.
How much GST is on household items?
Basic household items like toothpaste and hair oil, which currently attract 28\% tax, will be taxed at 18\% only. Sweets will also be taxable at 5\%….GST Tax Rates on some common items.
| Tax Rates | Products |
|---|---|
| 18\% | Hair oil, toothpaste and soaps, capital goods and industrial intermediaries are covered in this slab. |
Is transportation charges taxable under GST?
The tax should be charged on the total value of supply. If the transportation cost is included, then GST has to be charged at the same rate of tax charged on supply. For example, if the goods being supplied is charged at 18\%, then you have to charge tax on transport cost also at 18\%.
What is the GST rate on packing and forwarding charges?
5\%
The tax rate would accordingly take its source from the underlying item supplied if transportation charges are not separately given. However, as per the GST law, if the freight is exclusive and separately charged, then the GST rate on transportation service is 5\%.
What is packing & forwarding charges?
Forwarding charges definition is the outlining of the costs of the physical movement of goods between countries (transnational logistics) and, in many cases, the costs of the legal processes of such a movement (customs duties) by clearing and forwarding agents who render such services to exporters and importers.
Is GST applicable on transportation charges?
If the freight charge is included, then GST on freight charges must be levied at the tax rate same as the rate charged on supply of the goods or consignment. However, as per the GST law, if the freight is exclusive and separately charged, then the GST rate on transportation service is 5\%.
What are GST rate slabs?
The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5\%, 12\%, 18\% and 28\% under GST. This is aside the tax on gold that is kept at 3\% and rough precious and semi-precious stones that are placed at a special rate of 0.25\% under GST. 7\% goods and services fall under this category.
What are the GST rates for Packers and movers in India?
GST rates on Packers and Movers is 18\% for complete packing and moving services. GST on transit insurance is also 18\% A complete guide on Packers and Movers GST Rates in India
What are the GST rates for domestic shifting?
GST rates for domestic shifting 1 GST for transportation = 5\% 2 GST for transit insurance = 18\% 3 GST for Packers and Movers = 18\%
What is the GST rate slab for transportation services?
GST tax rates are levied on the slabs of 5\%, 12\%, 18\% and 28\%. Basic tax rates are 18\%. The subsidized goods and services come under the slabs of 5\% and 12\%. Luxury items attract 28\% GST rate slab. There are also different GST rate slabs for transportation services.
What is the GST tax rate for goods and services?
GST tax rates are set through the slabs as 5\%, 12\%, 18\%, and 28\%. New tax rates start from 18\%. However, the goods and which are subsidized falls under the slabs of 5\% or 12\%.