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WHAT WILL BE GST ON COSMETIC PRODUCTS WILL IT REMAIN SAME AS 18% OR WILL IT BE 5% NOW ONWARDS?
NEW GST ON COSMETIC PRODUCTS 18% OR 5%
Rajnikant Patel
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. (AI Summary)