OTHER - GST RATES HSN CODE 3049

In India, the GST (Goods and Services Tax) rates and HSN (Harmonized System of Nomenclature) codes for Other are important to understand for small and medium business owners and startup founders. In this article, we will provide a detailed overview of Other - GST rates and HSN code 3049.

GST Rates for Other

Under the GST regime, the Other category includes goods and services that do not fall under any of the other categories, such as food products, electronics, and furniture. The GST rates for Other are as follows:

Nil GST rate - Some goods and services fall under the nil GST rate, such as fresh fruits and vegetables, milk, and curd.
5% GST rate - Some goods and services fall under the 5% GST rate, such as footwear costing up to Rs. 1000 and cream, lotion, and hair oil.
12% GST rate - Some goods and services fall under the 12% GST rate, such as frozen meat products, butter, and cheese.
18% GST rate - Some goods and services fall under the 18% GST rate, such as biscuits, pastries, and cakes.
28% GST rate - Some goods and services fall under the 28% GST rate, such as automobiles, tobacco, and aerated drinks.

HSN Code for Other

The HSN code for Other is 3049. This code is used to classify goods and services for taxation purposes. The HSN code is a 6-digit code that is internationally recognized and used to classify goods and services for trade purposes. It is important for businesses to correctly identify the HSN code for their goods and services to ensure they are complying with the correct tax laws and regulations.

Conclusion

Understanding the GST rates and HSN code for Other is crucial for small and medium business owners and startup founders in India. By correctly identifying the GST rate and HSN code for their goods and services, businesses can ensure they are complying with the correct tax laws and regulations. We hope this article has provided you with a comprehensive overview of Other - GST rates and HSN code 3049.