Gst on sharpener

• Home • Karnataka Election 2023 • Budget 2023 • Market • Stock Stats • Top Gainers • Top Losers • Indices • Nifty 50 • Sensex • CaFE Invest • Commodities • IPO NEWS • Investing Abroad • IPOs • Economy • Tech • Auto • SME • Mobility • Industry • Banking & Finance • Education • Money • Insurance • Income Tax • Mutual Funds • Blockchain • Infrastructure • Railways • Aviation • Roadways • India • Defence • Lifestyle • Travel & Tourism • Health • Science • Healthcare • Brand Wagon • Entertainment • Events • Jobs • Sports • IPL 2023 • Multimedia • Photos • Videos • Audio • Web Stories • Auto Web Stories • Infographics • ePaper • Today’s Paper • From The Print • International • Edits & Columns • Opinion • FE 360 • Politics • Economy • Personal Finance Print • Front Page • FE Insight • Fe@Campus • archive The goods and services tax rates for pencil sharpeners and rabhas been lowered following the decisions taken at the GST Council meeting on February 18.The GST rate on pencil sharpeners has been lowered to 12%, according to a recent notification. Liquid jaggery or rabsold in loose form has been exempted from GST while the tax will be levied at 5% if it is sold in pre-packaged and labelled form. By another notification, the National Testing Agency has been exempted from GST for services relating to conduct of entrance examination for admission to educational institutions. “For removal of doubts, it is clarified that any authority, board or body set up by the Central Government or ...

• • • GST Council to Reduce GST on Liquid Jaggery, Pencil Sharpeners, Tracking Devices, Says FM Sitharaman GST Council to Reduce GST on Liquid Jaggery, Pencil Sharpeners, Tracking Devices, Says FM Sitharaman GST Council Meet Latest Update: The GST council also decided to reduce the GST rate on liquid jaggery from 18 per cent to nil or 5 per cent. FM Sitharaman said the GST Council agreed to reduce the GST rate on pencil sharpeners from 18 per cent to 12 per cent. GST Council Meet Latest Update: The GST Council, headed by Union Finance Minister Nirmala Sitharaman, took several decisions in its 49th meeting on Saturday. The GST Council agreed to reduce the GST rate on pencil sharpeners from 18 per cent to 12 per cent and also decided to reduce GST rate on liquid jaggery from 18 per cent to nil or 5 per cent. Also Read: • • • During the GST Council meeting, the finance minister talked about setting up appellate tribunals and curbing tax evasion in pan masala and gutkha businesses. Talking about the appellate tribunals, FM Sitharaman said the GoM report has been agreed to and slight modifications are required in the report. GST on pencil sharpeners has come down from 18% to 12%. Also, there is a reduction in GST on tags tracking devices or data loggers which are affixed on durable containers, from 18% to nil, subject to some conditions: Union FM Nirmala Sitharaman — ANI (@ANI) She said raab is a kind of liquid jaggery which is so typical to Uttar Pradesh and other jaggery-prod...

Finance Minister Nirmala Sitharaman, after the 49th GST council meeting, announced some major decisions take by the apex taxation body. The Finance Minister said that the entire dues on the pending balance of the GST compensation cess of Rs 16,982 crores for June will be cleared. The 49th meeting of the GST Council chaired by Union Finance Minister Nirmala Sitharaman was also attended by Minister of State Pankaj Chaudhary, Finance Ministers of States and UTs, and senior officers of the government. The GST council also decided to reduce the Goods and Service Tax on liquid jaggery, pencil sharpeners, and certain tracking devices. Highlights From the 49th GST Council Announcement - Finance Minister Nirmala Sitharaman said that the entire balance of GST compensation which is to a total of Rs 16,982 crores for June will be cleared. - She added that although this amount is not available in the compensation fund as of today, we've decided to release this amount from the Centre’s resources. The same amount will be recouped from the future compensation cess collection. - With this release, the Centre would clear the entire provisionally admissible Compensation Cess dues for five years as envisaged in the GST (Compensation to States) Act, 2017, Finance Minister added. - Nirmala Sitharaman also informed that the Centre will clear the admissible final GST Compensation to those states who've provided revenue figures certified by the Accountant General which amounts to Rs 16,524 crores....

GSt Council Meeting: 49th GST council meeting was held in the chairmanship of Finance Minister Nirmala Sitaraman on Saturday. Several important decisions have been taken in the meeting. The Finance Minister said that GST rates have been cut on Raab (liquid jaggery), pencils and sharpeners. Sitaraman said outstanding compensation of states have also been issued. The Center has released Rs 16,982 crore to the states. Important decision of the council meeting • Students preparing for competitive exams have got a big relief. Now GST will not be applicable on examination fees, Till now 18 percent GST was levied on the examination fee. • The recommendations of the GOM for GST over Pan-Masala and Gutkha have been accepted • The decision to tax MUBs on the lines of SUVs has been postponed. The Council has also recommended rationalisation of late fee on delay in filing of Annual Returns Read More :- राब का GST रेट कम किया जा रहा है। अगर खुला राब लिया जाता है तो उसमें रेट 0% GST लगेगा और अगर यही प्री पैकेट और लेबल्ड होगा तो उसमें 5% GST लगेगा। पेंसिल शार्पनर में GST को कम करके 18% से 12% किया गया है: केंद्रीय वित्त मंत्री निर्मला सीतारमण — ANI_HindiNews (@AHindinews) Pending GST compensation paid to states Nirmala Sitharaman said that the full pending balance of GST compensation has been cleared. A total of Rs 16,982 crore has been given to all states. She said, “We have decided to reduce the GST rate on Rab from 18% to zero. But 5 percent GST will be levied on pack rab.” GST on pen...

Showing Result for "sharpener" HS Code Goods/Service discription SGST CGST IGST CESS Conditions 6804 Millstones, grindstones, grinding wheels and the like, without frameworks, for grinding, sharpening, polishing, trueing or cutting, hand sharpening or polishing stones, and parts thereof, of natural stone, of agglomerated nllatural or artificial abrasives 9 9 18 None None 7310 or 7326 Mathematical boxes, geometry boxes and colour boxes, pencil sharpeners 6 6 12 None None 8214 Paper knives, Pencil sharpeners and blades therefor 6 6 12 None None 8214 Other articles of cutlery (for example, hair clippers, butchers' or kitchen cleavers, choppers and mincing knives,); manicure or pedicure sets and instruments (including nail files) [other than paper knives, pencil sharpeners and blades therefor] 9 9 18 None None 8460 Machine-tools for deburring, sharpening, grinding, honing, lapping, polishing or otherwise finishing metal, or cermets by means of grinding stones, abrasives or polishing products, other than gear cutting, gear grinding or gear finishing machines of heading 8461 9 9 18 None None 8472 Other office machines (for example, hectograph or stencil duplicating machines, addressing machines, automatic banknote dispensers, coin sorting machines, coin counting or wrapping machines, pencil sharpening machines, perforating or stapling machines) [other than Braille typewriters, electric or non-electric] 9 9 18 None None Find GST HSN Codes with Tax Rates Here you can search HS Cod...

HSN Code Description Rate (%) CESS (%) Effective Date Rate Revision 8460 Machine-Tools For Deburring, Sharpening, Grinding, Honing, Lapping, Polishing Or Otherwise Finishing Metal, Or Cermets By Means Of Grinding Stones, Abrasives Or Polishing Products, Other Than Gear Cutting, Gear Grinding Or Gear Finishing Machines Of Head 18 0 01/07/2017 18% 84601100 Machine-Tools For Deburring, Sharpening, Grinding, Honing, Lapping, Polishing Or Otherwise Finishing Metal, Or Cermets By Means Of Grinding Stones, Abrasives Or Polishing Products, Other Than Gear Cutting, Gear Grinding Or Gear Finishing Machines Of Headi 18 0 01/07/2017 18% 84601200 Numerically Controlled 18 0 01/07/2017 18% 84601900 Machine-Tools For Deburring, Sharpening, Grinding, Honing, Lapping, Polishing Or Otherwise Finishing Metal, Or Cermets By Means Of Grinding Stones, Abrasives Or Polishing Products, Other Than Gear Cutting, Gear Grinding Or Gear Finishing Machines Of Headi 18 0 01/07/2017 18% 84602100 Machine-Tools For Deburring, Sharpening, Grinding, Honing, Lapping, Polishing Or Otherwise Finishing Metal, Or Cermets By Means Of Grinding Stones, Abrasives Or Polishing Products, Other Than Gear Cutting, Gear Grinding Or Gear Finishing Machines Of Headi 18 0 01/07/2017 18% 84602200 Centreless Grinding Machines, Numerically Controlled 18 0 01/07/2017 18% 84602300 Other Cylindrical Grinding Machines, Numerically Controlled 18 0 01/07/2017 18% 84602400 Other, Numerically Controlled 18 0 01/07/2017 18% 846029 Other...

A pencil sold with sharpener will attract higher GST than a pencil sold alone since the sale of a pencil and sharpener together is ‘mixed supply’, the Gujarat AAR (GAAR) has held. Businesses either supply goods or services alone, or bundle goods and/ or services. Bundled supplies are categorised into two – mixed and composite supply. While mixed supply refers to supply of two or more goods and/ or supplies together at a single price and each of them can be supplied separately, composite supply refers to supply of two or more goods or services or both, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal supply. The tax liability in case of mixed supply is fixed on the basis of goods or services that have the highest rate. In case of composite supply, one good or service is taken as a principal supply, the tax rate for which will apply to the entire supply. Doms Industries, based in Umbergaon (Gujarat), submitted details of its three products. One, pencils along with sharpener and eraser; second, a colouring book, pencil, colour pencils, oil pastels, plastic crayons, wax crayons, eraser, scale and sharpener, and third pencils, erasers, scale and sharpener. In July last year, based on a GST Council recommendation, the Finance Ministry notified 18 per cent GST for sharpeners, and that changed the equation. READ NOW Accordingly, the company moved AAR to seek advance rulings on three questions. F...