As a business owner or startup founder, it is important to understand the Goods and Services Tax (GST) rates and Harmonized System of Nomenclature (HSN) code for cleaning cloths, floor, dish, dusters, and life jackets. Knowing these rates and codes can help you avoid any potential issues with the tax authorities and ensure your business is in compliance with the law.
GST is an indirect tax that was introduced in India on July 1, 2017. It is a comprehensive tax that is levied on the supply of goods and services. GST has replaced multiple taxes such as excise duty, service tax, and value-added tax (VAT). The tax is levied at each stage of the supply chain, from the manufacturing stage to the final sale of the product or service.
The Harmonized System of Nomenclature (HSN) is an internationally accepted system of names and numbers that classify goods. It is used to facilitate the collection of statistics, customs duty, and international trade. The HSN system contains six digits, and the first two digits denote the chapter, while the next two digits denote the heading. The final two digits denote the subheading.
Cleaning cloths are essential for maintaining a clean and hygienic environment. The GST rate for cleaning cloths is 5%. The HSN code for cleaning cloths is 6307. This code covers all types of cleaning cloths, including dusters, towels, and wipes.
Keeping floors clean is essential for maintaining a healthy environment. The GST rate for floor cleaning products is 18%. The HSN code for floor cleaning products is 3402. This code covers all types of floor cleaning products, including floor cleaners and mops.
Clean dishes are essential for maintaining good hygiene. The GST rate for dish cleaning products is 18%. The HSN code for dish cleaning products is 3402. This code covers all types of dish cleaning products, including dishwashing liquids and detergents.
Dusters are essential for cleaning surfaces and removing dust. The GST rate for dusters is 5%. The HSN code for dusters is 6307. This code covers all types of dusters, including feather dusters and microfiber dusters.
Life jackets are essential safety equipment for people involved in water activities. The GST rate for life jackets is 5%. The HSN code for life jackets is 6307. This code covers all types of life jackets, including inflatable life jackets and foam life jackets.
Knowing the GST rates and HSN codes for cleaning cloths, floor, dish, dusters, and life jackets is essential for any business owner or startup founder. It can help you avoid any potential issues with the tax authorities and ensure your business is in compliance with the law. Make sure to correctly classify your products under the relevant HSN codes and charge the correct GST rates.
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