If you are in the business of selling men's clothing in India, it's essential to understand GST rates and HSN codes to ensure compliance with government regulations. In this article, we'll go over the GST rates and HSN code for men's overcoats and car coats.
The GST rate for men's overcoats and car coats is 12%. This rate is applicable to both ready-made and custom-made overcoats and car coats for men.
It's important to note that the 12% GST rate is applied to the transaction value, which includes the cost of the product, transportation charges, and any other charges incurred during the sale.
The HSN code for men's overcoats and car coats is 6201. This code is used to identify the type of product being sold for taxation purposes.
The HSN code 6201 covers men's overcoats, car coats, and similar articles made of any material. This includes articles with hoods or collars, articles with fur or artificial fur, and articles with knitted or crocheted components.
Understanding GST rates and HSN codes is essential for any business operating in India. As a seller of men's overcoats and car coats, it's important to know that the GST rate is 12% and the HSN code is 6201.
By staying up-to-date with government regulations, you can ensure that your business is compliant and avoid any potential penalties or fines.
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