Sir,
we are manufacturer of lubricating oil & grease currently in Excise chapter head no is 27101980 & 27101990 Respectively rate of Excise Duty is 14%
1. what will be SGST, CGST & IGST rate for our product and what will be billing structure.
2.01.07.2017 ONWARDS Commercial Invoice will countinue
Please Explain
Gorakhnath Kharade
9920200983
GST rates for lubricating oil and grease: clarification sought on SGST/CGST/IGST treatment and billing structure. Manufacturer of lubricating oil and grease classified under excise chapters 27101980 and 27101990 with an existing excise duty of 14% requests clarification of the applicable SGST, CGST and IGST rates under GST and the appropriate billing structure to adopt upon transition; the inquirer also states that the commercial invoice format will continue and seeks guidance on reflecting new GST components on invoices. (AI Summary)