Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It was implemented on July 1, 2017, replacing multiple indirect taxes that were earlier levied by the Central and State governments. The GST regime has brought uniformity in the taxation system and has made it easier for businesses to operate. In this article, we will discuss the GST Rate and HSN Code for Footwear, Gaiters and the Like; Parts of Such Articles - Chapter 64.
HSN stands for Harmonized System of Nomenclature. It is an internationally accepted system of names and numbers to classify traded products. HSN Codes are used to classify goods based on their nature, type, and other parameters. The HSN code for Footwear, Gaiters and the Like; Parts of Such Articles is 64.
The GST rate for Footwear, Gaiters and the Like; Parts of Such Articles - Chapter 64 is 5% for leather footwear and 18% for non-leather footwear.
Furthermore, GST on the parts of footwear is also charged at 18%. The parts of footwear include soles, heels, and uppers. However, the GST rate for straps, buckles, and other similar parts is 12%.
Footwear, Gaiters and the Like; Parts of Such Articles - Chapter 64 can be classified into the following categories:
1. Waterproof Footwear
2. Sports Footwear
3. Leather Footwear
4. Non-Leather Footwear (Rubber, Plastic, etc.)
5. Parts of Footwear (Sole, Heel, Upper, etc.)
The HSN Codes for Footwear, Gaiters and the Like; Parts of Such Articles - Chapter 64 are as follows:
64.01Waterproof Footwear with Outer Soles and Uppers of Rubber or Plastics64.02Other Footwear with Outer Soles and Uppers of Rubber or Plastics64.03Footwear with Outer Soles of Rubber, Plastics, Leather, or Composition Leather and Uppers of Textile Materials64.04Footwear with Outer Soles of Rubber, Plastics, Leather, or Composition Leather and Uppers of Leather64.05Other Footwear with Outer Soles and Uppers of Leather64.06Parts of Footwear (Sole, Heel, Upper, etc.)
Footwear, Gaiters and the Like; Parts of Such Articles - Chapter 64 is an important category of goods under the GST regime. The GST rate for Footwear, Gaiters and the Like; Parts of Such Articles - Chapter 64 is 5% for leather footwear and 18% for non-leather footwear. GST on the parts of footwear is charged at 18%, while the GST rate for straps, buckles, and other similar parts is 12%. It is important for businesses dealing with footwear and its parts to correctly classify their goods based on their nature and type and use the correct HSN codes to avoid any confusion and penalties.
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