GST Rates and HSN Code for Pile Fabrics

Introduction

Pile fabrics are a type of textile that is characterized by a raised surface or pile. Pile fabrics are used in a variety of applications, including clothing, upholstery, and home decor. If you are a small or medium-sized business owner or a startup founder dealing with pile fabrics, you may be wondering about the GST rates and HSN code for this product. In this article, we will explore everything you need to know about pile fabrics GST rates and HSN code.

What are Pile Fabrics?

Pile fabrics are fabrics that have a raised surface or pile. This can be achieved by a variety of methods, including weaving, knitting, or tufting. Pile fabrics can be made from a variety of fibers, including wool, cotton, silk, and synthetic fibers.

GST Rates for Pile Fabrics

The GST rates for pile fabrics vary depending on the type of pile fabric and its intended use. Here are the GST rates for pile fabrics:

1. 5% GST on pile fabrics for use in the textile industry (HSN code 6001)

2. 12% GST on pile fabrics for use in the automobile industry

3. 18% GST on pile fabrics for use in other industries not covered by the above two categories

It's important to note that the GST rates for pile fabrics are subject to change. For the most up-to-date information on GST rates for pile fabrics, you should consult the official GST website or a qualified tax professional.

HSN Code for Pile Fabrics

The HSN code for pile fabrics is 6001. This code is used to classify pile fabrics for the purpose of taxation. The HSN code for pile fabrics is used to determine the GST rates that apply to these products.

Conclusion

In conclusion, if you are a small or medium-sized business owner or a startup founder dealing with pile fabrics, it's important to be aware of the GST rates and HSN code for this product. The GST rates for pile fabrics vary depending on the type of pile fabric and its intended use, and the HSN code for pile fabrics is 6001. By staying up-to-date on the GST rates and HSN code for pile fabrics, you can ensure that your business stays compliant with tax regulations.