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Impact Of GST in TMT bar Prices in West Bengal and Tripura

TMT bar industry is likely to benefit from the new GST rate for TMT which has been finalised at 18% --also the slab that includes most number of items.

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Impact Of GST in TMT bar Prices in West Bengal and Tripura

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  1. Impact Of GST in TMT bar Prices in West Bengal and Tripura

  2. TMT Bars are primary requirements of the construction industry and are commonly utilized in the manufacturing of machine parts. We can do a contrast of the tax rates charged beneath the current laws on TMT bar and the rates under GST. Check TMT Bar Price - https://toptechtmt.com/tmt-mrp-list/

  3. Current tax laws on TMT bars in West Bengal and Tripura Excise Duty at the rate of 12.5% Average VAT at the rate of 5% Central sales tax(CST) at the rate of 2%.

  4. GST rates on TMT bars in West Bengal and Tripura Manufacturing and sale of all kinds of TMT barsare charged at the rate of 18%. Different rates have been provided for different kind of TMT bars .

  5. TMT bar industry would initially have a higher cost due to transition and increase in working capital requirement but in the long run will be beneficial in light of the expected reduction in logistics and lower tax on inputs under GST.

  6. You can check TMT bar Prices include GST for West Bengal and Tripura at https://toptechtmt.com/tmt-mrp-list/ Contact TopTech TMT bars 46,B B GANGULY STREET, KOLKATA 700012 (033) 4003 5050 (033) 2236 6666/9999 info@technirman.com

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