NEW GST ON COSMETIC PRODUCTS 18% OR 5%

[Rajnikant Patel]

WHAT WILL BE GST ON COSMETIC PRODUCTS WILL IT REMAIN SAME AS 18% OR WILL IT BE 5% NOW ONWARDS?                                                                                                                         

[Rajan Kumar and associates]

No changes

[Rajnikant Patel]

THANKS SIR

AI Summary

GST rate on cosmetic products reported unchanged after practitioner response to an industry query on applicable taxation. A practitioner-level query asked whether the Goods and Services Tax applicable to cosmetic products had been changed; the responding practitioner advised that there is no change to the existing GST treatment for cosmetic products, indicating continuity of the current tax position absent formal regulatory amendment.