GST Rate HSN Code for Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork - Chapter 46

Goods and Services Tax (GST) is a single tax levied on the supply of goods and services in India. Every product is classified based on the Harmonized System of Nomenclature (HSN) code. HSN code is a 6-digit uniform code used to classify goods for taxation purposes. In this article, we will discuss the GST rate and HSN code for manufacturers of straw, esparto, or other plaiting materials; basket ware and wickerwork - Chapter 46.

HSN Code for Manufacturers of straw, of esparto or of other plaiting materials; basket ware and wickerwork

The HSN code for manufacturers of straw, esparto, or other plaiting materials; basket ware and wickerwork is 4601. The HSN code 4601 covers products made of straw, esparto, other plaiting materials, and wickerwork.

Below are the detailed HSN codes for various products:

HSN Code Product Description4601 10 00Fenders, mudguards and other parts and accessories for bicycles4601 21 10Basketware used for packing goods4601 21 90Other basket ware and wickerwork4601 29Other - includes products like mats, screens, and other products made from other plaiting materials4602 90 90Other - includes products like hand-woven bags, hats, and other products made from plaiting materials other than straw, esparto, or other plaiting materials

GST Rate for Manufacturers of straw, of esparto or of other plaiting materials; basketware and wickerwork

The GST rate for manufacturers of straw, esparto, or other plaiting materials; basket ware and wickerwork is 12%. GST on these products is levied at the rate of 12% on the transaction value, which includes the cost of production, packing, and transportation up to the place of supply.

Conclusion

HSN code and GST rate are essential components of the GST system. Manufacturers of straw, esparto, or other plaiting materials; basket ware and wickerwork come under Chapter 46 of the HSN code. The HSN code for these products is 4601, and the GST rate levied on these products is 12%. Small and medium business owners and startup founders dealing with these products must be aware of the HSN code and GST rate to avoid any legal issues.