Monofilament is a type of yarn that is made from a single, continuous filament. It is commonly used in a variety of applications, including fishing line, textiles, and industrial products. In this article, we will discuss the GST rates and HSN code for monofilament.
The HSN code for monofilament is 3916. This code is used to classify monofilament under the GST system.
The GST rates for monofilament vary depending on the type of product and its intended use. The following table provides an overview of the GST rates for monofilament:
ProductHSN CodeGST RateMonofilament Fishing Line391612%Monofilament Textiles39165%Monofilament Industrial Products391618%
It is important to note that these rates are subject to change, and you should always consult with a tax professional to ensure that you are properly calculating and reporting your GST liabilities.
Monofilament is an important product that is used in a variety of applications. Understanding the GST rates and HSN code for monofilament is important for businesses that manufacture or sell this product.
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