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Published on:
February 25, 2023
By
Prerna

GST Rates and HSN Code for Other Carpets

If you are a small and medium business owner or a startup founder dealing with carpets, it is crucial to understand the GST rates and HSN code for Other Carpets. In this article, we will discuss the same in detail to help you make informed decisions and comply with GST regulations.

What are Other Carpets?

Other Carpets refer to any carpets and other textile floor coverings, other than those falling under the categories of Handmade Carpets or Machine-made Carpets. These carpets are mostly used in commercial or industrial settings, and they come in various materials such as wool, silk, jute, cotton, and synthetic fibers.

GST Rates for Other Carpets

Other Carpets fall under the 12% GST tax slab. This tax rate applies to all types of Other Carpets, irrespective of the material used in their manufacturing.

HSN Code for Other Carpets

The HSN code for Other Carpets is 5705. This code is used for all types of Other Carpets, including those made of wool, silk, jute, cotton, and synthetic fibers.

How to Calculate GST on Other Carpets?

To calculate the GST on Other Carpets, you need to follow the below calculation.

Suppose the selling price of your Other Carpet is Rs. 10,000. Then, the GST calculation will be as follows:

Particulars Amount (Rs.) Selling Price of Other Carpet10,00012% GST1,200Total Amount Payable11,200

Documents Required for GST on Other Carpets

As for any GST registered business, you need to comply with the regulations and keep the necessary documents in place. Here are the documents required for GST on Other Carpets:

1. GST Registration Certificate

2. GST Invoice

3. GST Returns Filing (Monthly, Quarterly, and Annual)

4. Input Tax Credit Records

Conclusion

With this article, we hope to have provided you with sufficient information on GST rates and HSN code for Other Carpets. Understanding these regulations will help you avoid any legal repercussions and make informed decisions when dealing with carpets. Don't forget to keep the necessary documents in place and comply with the GST regulations to run your business smoothly.

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