India is a land of diverse cultures and traditions. One of the most beautiful art forms that has been passed on for generations is the art of hand-woven tapestries. These tapestries are not only beautiful, but they also hold immense cultural and historical significance.
When it comes to the GST rates and HSN code for hand-woven tapestries, it can be a bit confusing. In this article, we will discuss everything you need to know about the GST rates and HSN code for hand-woven tapestries.
Hand-Woven Tapestries are a form of textile art that is created by weaving threads together to form a larger piece. These pieces of art can be used as wall hangings, bedspreads, or even as a decorative piece on a couch or chair. The threads used to make these tapestries can be made of silk, wool, cotton, or a combination of these materials.
According to the GST Council, hand-woven tapestries fall under the category of 'textiles and textile articles'. The GST rate for textiles and textile articles is 5%. Therefore, the GST rate for hand-woven tapestries is also 5%.
It is important to note that the GST rate for hand-woven tapestries may vary based on the material used to create them. For instance, if a hand-woven tapestry is made of silk, the GST rate may be higher than if it is made of cotton.
HSN codes are used to classify goods for taxation purposes. Hand-woven tapestries fall under the category of textiles and textile articles, and the HSN code for this category is 5805.
It is important to ensure that the correct HSN code is used while filing GST returns as incorrect HSN codes can lead to penalties and fines.
Hand-woven tapestries are a beautiful form of art that has been passed on for generations. When it comes to the GST rates and HSN code for hand-woven tapestries, it is important to understand the category they fall under and the correct HSN code to use while filing GST returns. With the information provided in this article, you should have a better understanding of the GST rates and HSN code for hand-woven tapestries.
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