GST rates and HSN code for Woven Fabrics Of Cotton Mixed More Than 200 g/m2

Woven fabrics of cotton mixed with other fibers are commonly used in the textile industry for creating various garments and other textile products. These fabrics are known for their durability, softness, and strength. In India, the GST rates and HSN code for woven fabrics of cotton mixed more than 200 g/m2 are regulated by the government to ensure a smooth and uniform taxation system across the country.

HSN code 5211 is used to classify woven fabrics of cotton mixed more than 200 g/m2. The GST rate for these fabrics is 5%. It is important for small and medium businesses and startup founders to understand these rates and codes to avoid any penalties or legal issues.

Understanding HSN Code 5211

HSN code 5211 is used to classify all types of woven fabrics of cotton mixed with other fibers, weighing more than 200 grams per square meter. These fabrics can be used for various purposes, such as clothing, upholstery, and more.

The HSN code is a 6-digit code that is used to classify goods for taxation purposes. The first two digits of the code represent the chapter under which the goods fall, while the next two digits represent the heading. The last two digits represent the product or item within the heading. For woven fabrics of cotton mixed more than 200 g/m2, the HSN code is 5211.

GST Rates for Woven Fabrics of Cotton Mixed More Than 200 g/m2

The GST rate for woven fabrics of cotton mixed more than 200 g/m2 is 5%. This rate is applicable to all fabrics falling under HSN code 5211. It is important to note that this rate is subject to change from time to time, based on government policies and regulations.

It is important for small and medium businesses and startup founders to understand the GST rates and HSN codes for their products. This helps them to comply with taxation laws and avoid any penalties or legal issues. Businesses should also maintain proper records and documentation of their products, including their HSN codes and GST rates.

Conclusion

Woven fabrics of cotton mixed more than 200 g/m2 are an important part of the textile industry in India. The HSN code 5211 is used to classify these fabrics for taxation purposes, and the GST rate for these fabrics is 5%. Small and medium businesses and startup founders should understand these rates and codes to comply with taxation laws and avoid any legal issues.