When it comes to businesses that deal with cut flowers and flower buds, it is essential to understand the GST rates and HSN codes that apply to them. In this article, we will cover all the necessary details about the GST rates and HSN codes applicable to cut flowers and flower buds in India.
The GST rates that apply to cut flowers and flower buds in India are as follows:
It is important to note that GST is not applicable for unprocessed wild flowers and grasses, which are classified as tax-free items under the GST regime.
The Harmonized System of Nomenclature (HSN) is a globally recognized system for classifying goods. The HSN code for cut flowers and flower buds is 0603.
0603 is the code for fresh, dried, cut, or otherwise prepared flowers and flower buds, including roses, carnations, chrysanthemums, and other varieties. It is essential to use this HSN code when filing GST returns or conducting any other business transactions involving cut flowers and flower buds.
Understanding the GST rates and HSN codes applicable to cut flowers and flower buds is crucial for businesses dealing with these products. With the information provided in this article, you can ensure compliance with GST regulations and avoid any penalties or legal issues.
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