Artificial Fur - GST Rates & HSN Code 4304

Artificial fur is a type of textile made from synthetic fibers that resemble animal fur. It is commonly used in clothing, accessories, and home decor items. As with most products, artificial fur is subject to GST rates and HSN codes in India. In this article, we will discuss the GST rates and HSN code for artificial fur.

GST Rates for Artificial Fur

The GST rate for artificial fur is 5%. This rate applies to all kinds of artificial fur, whether it is in the form of raw material or finished products such as clothing or accessories. This rate is relatively low compared to other textile products, which may be subject to higher rates.

It is important to note that the GST rate for artificial fur may be subject to change. Business owners should stay up-to-date with changes in GST rates to ensure that they are accurately calculating taxes on their products.

HSN Code for Artificial Fur

The HSN code for artificial fur is 4304. This code falls under the category of "Furskins and artificial fur; manufactures thereof." This code is used to identify and classify artificial fur for taxation purposes.

Business owners should ensure that they are using the correct HSN code for their artificial fur products. Using the wrong code could result in miscalculations of taxes and potential legal issues.

Conclusion

In summary, artificial fur is subject to GST rates and HSN codes in India. The GST rate for artificial fur is 5%, and the HSN code for artificial fur is 4304. Business owners should stay up-to-date with changes in GST rates and ensure that they are using the correct HSN code for their products to avoid any potential issues.