GST Rate HSN Code for Wool, fine or coarse animal hair; horsehair yarn and woven fabric - Chapter51

GST is a value-added tax that comes with numerous tax slabs and categories. It is a tax that is levied on the supply of goods and services, and it has replaced several indirect taxes that existed previously. The GST rate and HSN code for Wool, fine or coarse animal hair; horsehair yarn and woven fabric - Chapter51 || GST RATES HSN CODES are the topic of discussion of our article today.

GST Rate for Wool, fine or coarse animal hair; horsehair yarn and woven fabric - Chapter 51

The GST rate for Wool, fine or coarse animal hair; horsehair yarn and woven fabric - Chapter 51 is 5%. This is applicable to all forms of wool, coarse animal hair, fine animal hair, horsehair yarn, and woven fabric.

HSN Code for Wool, fine or coarse animal hair; horsehair yarn and woven fabric - Chapter 51

HSN stands for Harmonized System of Nomenclature. It is an internationally accepted system of names and numbers that are used to classify goods in a systematic manner. The HSN code for Wool, fine or coarse animal hair; horsehair yarn and woven fabric - Chapter 51 is 5101, 5102, 5103, 5104, 5105, 5106, 5107, 5108, 5109, 5110, 5111, 5112, 5113, 5201, 5202, 5203, 5204, 5205, 5206, and 5207. Each of these codes corresponds to a specific type of wool, animal hair, horsehair yarn, or woven fabric.

GST Rates and HSN codes for other types of fabrics

Other types of fabrics and textile products also have their own specific GST rates and HSN codes. For example:

The GST rate for cotton and silk fabrics is 5%.
The GST rate for synthetic and artificial fabrics is 18%.
The HSN code for cotton fabrics is 5208, while the HSN code for silk fabrics is 5007.
The HSN code for synthetic and artificial fabrics is 5407.

Conclusion

In conclusion, the GST rate and HSN code for Wool, fine or coarse animal hair; horsehair yarn and woven fabric - Chapter51 || GST RATES HSN CODES are 5% and 5101-5207 respectively. Business owners and startup founders who deal in these products should be aware of these rates and codes to avoid any confusion or errors in their tax filings. The GST rates and HSN codes for other types of fabrics and textile products are also important to keep in mind.