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Published on:
February 25, 2023
By
Paramita

GST Rates and HSN Code for Woven Fabrics Of Cotton, Containing More Than 85%

Woven fabrics of cotton containing more than 85% is a type of fabric that is mostly used for making clothes, bed sheets, curtains, and other textile products. This fabric is made by weaving cotton fibers together, and it has a high tensile strength, making it durable and long-lasting.

When it comes to GST rates and HSN codes for woven fabrics of cotton containing more than 85%, there are different rates and codes depending on the type of fabric and its intended use.For example, if the fabric is used for making clothing, the GST rate is 5%, with an HSN code of 5209. This rate is applicable to all types of cotton fabrics, including plain, twill, and satin weave.

However, if the fabric is intended for industrial use, such as for making bags, ropes, or tents, the GST rate is 18%, with an HSN code of 5907. This rate is applicable to fabrics made of cotton, jute, or other natural fibers.

It is important to note that the GST rate for woven fabrics of cotton containing more than 85% may vary depending on the state in which the fabric is sold. Some states may charge a higher or lower GST rate depending on the local tax laws.

In addition to the GST rates and HSN codes, there are also other regulations that need to be followed when importing or exporting woven fabrics of cotton containing more than 85%. These regulations may include obtaining the necessary licenses and certifications, adhering to quality standards, and complying with customs procedures.

In conclusion, woven fabrics of cotton containing more than 85% are an important textile product that is used for various purposes. Understanding the GST rates and HSN codes for these fabrics is essential for small and medium business owners and startup founders who deal with the import or export of textile products.

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Updated on:
March 16, 2024