Gauze is a versatile material used in various industries, including healthcare, textiles, and manufacturing. As a business owner, you need to understand the applicable GST rates and HSN codes for Gauze to ensure compliance with the GST system in India.
The GST rates for Gauze depend on the type and purpose of the product. Here are the applicable GST rates for Gauze:
1. Sterile Gauze - 12%
2. Non-sterile Gauze - 5%
3. Gauze bandages - 5%
The Harmonized System of Nomenclature (HSN) code for Gauze is 5803. This code is used to classify Gauze based on its type and purpose. Here are the different HSN codes for Gauze:
1. Sterile Gauze - 580310
2. Non-sterile Gauze - 580620
3. Gauze bandages - 30059090
Understanding the applicable GST rates and HSN codes for Gauze is essential for small business owners and startup founders in India. It helps you ensure compliance with the GST system and avoid any penalties or fines. We hope this article has provided you with a comprehensive guide to navigate through the complexities of the GST system and understand the applicable rates and HSN codes for Gauze.
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