Fine Coarse Animal Hair - GST rates and HSN code 5102

As a business owner dealing with Fine Coarse Animal Hair, it is important to understand the GST rates and HSN code associated with it. This knowledge will help you in complying with the tax regulations as set out by the government of India.

What is Fine Coarse Animal Hair?

Fine Coarse Animal Hair refers to animal hair that has been processed or unprocessed. This can include hair from horses, camels, cows, goats, and sheep. The hair can be used for a variety of purposes including clothing, upholstery, and industrial applications.

GST rates for Fine Coarse Animal Hair

The GST rates for Fine Coarse Animal Hair vary depending on the type of hair and the processing it has undergone. The following are the GST rates applicable to Fine Coarse Animal Hair.

1. Raw wool, hair, and waste - 5%

2. Animal hair yarn and woven fabrics - 5%

3. Fabric made from animal hair - 12%

4. Processed wool and hair, and noils - 12%

5. Animal hair in any other form - 18%

HSN code for Fine Coarse Animal Hair

The HSN code for Fine Coarse Animal Hair is 5102. This code is used to identify the product for taxation purposes. When dealing with Fine Coarse Animal Hair, it is important to ensure that you use the correct HSN code on your invoices and other documentation.

Conclusion

Understanding the GST rates and HSN code for Fine Coarse Animal Hair is important for any business that deals with this product. By complying with the tax regulations set out by the government of India, you can avoid penalties and fines. If you have any questions or concerns about the tax implications of dealing with Fine Coarse Animal Hair, it is recommended that you seek the advice of a tax professional.