12% GST shall be levied on Pencil sharpeners w.e.f. 1st March 2023
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- By Chetan Kulasri
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- Last Updated on 2 March, 2023
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Notification No. 03/2023 -Central Tax (Rate) dated February 28th, 2023
The CBIC has issued notification to provide that pencil sharpeners shall be taxable at 12%. The rate on pencil sharpeners has been reduced from 18% to 12%. Also the rate on pre-packaged and labelled Rab shall be 5%. Recently, the GST Council has recommended a reduction in the rate of rab considering it a liquid form of jaggery. This notification shall be effective from 1st March, 2023.
Click Here To Read The Full Notification
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