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Published on:
February 25, 2023
By
Prerna

BLANKETS TRAVELLING RUGS - GST RATES and HSN CODE 6301

Overview of Blankets and Travelling Rugs

Blankets and travelling rugs are an essential part of daily life. Whether you’re at home, travelling or camping, blankets and travelling rugs provide comfort and warmth. These blankets and travelling rugs are made from various materials, including wool, cotton, and synthetic fibers.

GST Rates for Blankets and Travelling Rugs

The GST rate for blankets and travelling rugs varies depending on the material used to make them. Blankets and travelling rugs made from wool, hair or animal fur are taxed at 5%. On the other hand, blankets and travelling rugs made from cotton or synthetic fibers are taxed at 12%.

It is important to note that the GST rate is applicable to the sale price of the blankets and travelling rugs. If the sale price is inclusive of other taxes, the GST rate will be applied on the net amount after deducting these taxes.

HSN Code for Blankets and Travelling Rugs

The HSN code for blankets and travelling rugs is 6301. This code is used to classify blankets and travelling rugs under the GST system.

The HSN code 6301 includes:

1. Blankets and travelling rugs of wool or fine animal hair

2. Blankets and travelling rugs of cotton

3. Blankets and travelling rugs of synthetic fibers

4. Electric blankets

It is important to classify the blankets and travelling rugs correctly under the HSN code to ensure accurate billing and payment of GST.

Conclusion

In conclusion, blankets and travelling rugs are essential items for daily life, and the GST rate and HSN code for them vary depending on the material used to make them. Business owners and startup founders must ensure that they classify these items correctly under the GST system to avoid any penalties and ensure smooth business operations.

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Updated on:
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