GST rates and HSN code for Woven Fabrics Of Cotton Mixed Less Than 200 G/M2

Woven fabrics of cotton mixed less than 200 g/m2 are an important part of the textile industry in India. Understanding the GST rates and HSN codes for these products is crucial for small and medium business owners and startup founders in India. This article will provide you with all the information you need to know about GST rates and HSN codes for woven fabrics of cotton mixed less than 200 g/m2.

GST Rates for Woven Fabrics of Cotton Mixed Less Than 200 G/M2

GST rates for woven fabrics of cotton mixed less than 200 g/m2 are 5%. This rate is applicable to both the Central GST as well as the State GST. This means that if you're selling woven fabrics of cotton mixed less than 200 g/m2 in India, you need to charge a GST rate of 5% on the product.

HSN Code for Woven Fabrics of Cotton Mixed Less Than 200 G/M2

The HSN code for woven fabrics of cotton mixed less than 200 g/m2 is 5210. This code is used to identify the product in the GST system. It is important to use the correct HSN code when filing GST returns. Failure to do so can lead to penalties and fines.

How to Calculate GST on Woven Fabrics of Cotton Mixed Less Than 200 G/M2

Calculating GST on woven fabrics of cotton mixed less than 200 g/m2 is simple. The GST rate for these products is 5%. To calculate the GST, you need to multiply the selling price of the product by 5%.

For example, if the selling price of your woven fabric of cotton mixed less than 200 g/m2 is Rs. 1000, the GST would be Rs. 50. The total price of the product would be Rs. 1050 (Rs. 1000 + Rs. 50).

Filing GST Returns for Woven Fabrics of Cotton Mixed Less Than 200 G/M2

When filing GST returns for woven fabrics of cotton mixed less than 200 g/m2, you need to use the HSN code 5210. This code should be entered in the GST return form along with other details such as the invoice number, date, and value of the product.

It is important to file GST returns on time to avoid penalties and fines. GST returns can be filed online through the GST portal.

Conclusion

Understanding GST rates and HSN codes for woven fabrics of cotton mixed less than 200 g/m2 is important for small and medium business owners and startup founders in India. GST rates for these products are 5% and the HSN code is 5210. Calculating GST on these products is simple and filing GST returns is also easy if you follow the correct procedure.

We hope this article has provided you with all the information you need to know about GST rates and HSN codes for woven fabrics of cotton mixed less than 200 g/m2.