Question: Is There GST On Nappies?

What is the GST on hand sanitizer?

18%List of HSN Codes and GST Rates for Common Household HygieneItemHSN CodeGST RateHand wash340118%Alcohol-based hand sanitizer380818%Gloves401518%Disinfectants340218%3 more rows•Jul 30, 2020.

What type of tax is GST?

GST is a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by states and Central. There are around 160 countries in the world that have GST in place.

How do I calculate GST?

The formula for GST calculation:Add GST: GST Amount = (Original Cost x GST%)/100. Net Price = Original Cost + GST Amount.Remove GST: GST Amount = Original Cost – [Original Cost x {100/(100+GST%)}] Net Price = Original Cost – GST Amount.

How can I get GST?

How to Register for GSTGo to official GST portal – https://www.gst.gov.in/ and under the services tab, choose Services > Registration > New Registration. … On the Registration page, enter all the requested details (including your PAN number), email address and mobile number.After entering the details, click proceed.More items…

What is the HS Code for hand sanitizer?

Detailed Import Data of hand sanitizersDateHS CodeDescriptionMar 15 201634029099HAND SANITIZER (20 PCS @ CTN @ 59 ML)Feb 18 201634029099KIDS HAND SANITIZERFeb 16 201634029099SANITIZER (HAND GEL LIQUID) (CLEANING MATERIALS)Feb 15 201634029099HAND SANITIZER (20 PCS @ BOX)17 more rows

Why is there no GST on alcohol?

Alcohol was not brought under the purview of GST regime primarily due to two reasons: To ensure that the State Governments continue to have a strong inflow of revenue (other than what they get from GST). It’s estimated that taxes on liquor and beer fetch the state governments nearly INR 90,000 crores annually.

Which tax is not included in GST?

The Excise Duty levied under the Medicinal and Toiletries Preparation Act. Service Tax. Additional Customs Duty, commonly known as Countervailing Duty (CVD) Special Additional Duty of Customs – 4% (SAD)

Do masks have GST?

GST applies to items not listed in schedule 3 of the GST Act or GST regulations. These include products such as: hand sanitiser. personal protective equipment (PPE) including disposable (face masks, gowns, and gloves) and protective eye wear in the form of goggles, glasses or visors.

Which items are excluded from GST?

Items that are exempted from GST are live fish, fresh fish, bird’s eggs in the shell, fresh milk, fresh ginger, garlic, grapes, melon, unroasted coffee beans, unprocessed green tea leaves, etc. Corn, rice, wheat, maize, soybean, hulled cereal grains, etc.

Is there GST on hand sanitizers?

“It is stated that hand sanitizers attract GST at the rate of 18 per cent. Sanitisers are disinfectants like soaps, anti-bacterial liquids, etc. which all attract duty standard rate of 18 per cent under the GST regime.

What is GST for n95 mask?

Currently, GST rate on ventilator is 12 per cent; on mask, it is 5 per cent; on test kits, it is 12 per cent; on sanitiser, it is 18 per cent; and on PPE, it is 5 per cent (costing up to Rs 1,000) and 12 per cent (if the cost is more that Rs 1,000 per piece).

How does the GST work?

GST is charged on the value or selling price of the products. The amount of GST incurred on input (input tax) can be deducted from the amount of GST charged (output tax) by the registered person. … However, if the input tax is more than the output tax, the difference will be refunded by the Government.

Who pay GST in India?

According to GST Law of India, the supplier of goods or service is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability may be cast on the recipient under the reverse charge mechanism.

Does superannuation have GST?

Supplies of benefits by a superannuation fund to its members are not considered to constitute a ‘supply’ and therefore do not attract GST. Income from equities and deposits do not fit the definition of ‘supplies’ and consequently no GST is charged/remitted on these items.

Do you pay GST on toilet paper?

GST to remain on tampons Toilet paper and nappies, other essentials of life, are also taxed. … The rationale is that because the GST applies evenly across all things, it hits low-income earners the hardest as they spend a higher proportion of their income on basic necessities.

What is the GST on masks?

Medicines and other medical kits for human and veterinary treatment are taxed at four tax slabs NIL, 5%, 12%, and 18%….Current GST Rates for Mask, Sanitizer & Hand Wash.Product NameGST RateSurgical Masks5%Blood Test Strips12%Medical Grade Oxygen, Hydrogen and Peroxide12%Sanitizer18%3 more rows•Jul 23, 2020

What is non taxable supply under GST?

“non-taxable supply” means a supply of goods or services or both which is not leviable to tax under CGST Act or under the IGST Act. A transaction must be a ‘supply’ as defined under the GST law to qualify as a non-taxable supply under the GST. … That means GST Rate has not yet been announced or notified for them.

What is the GST on nitrile gloves?

12%GST Tax Rate: 12%