For Small and Medium Business owners and Startup Founders, GST rates and HSN codes can be quite the headache. It is important to understand the proper categorization of your products to avoid any confusion or discrepancy when it comes to taxes. In this article, we will be focusing on Pantyhose and Tights and their respective GST rates and HSN codes.
Pantyhose and Tights are legwear that are typically made of a spandex and nylon blend. They are designed to cover the lower half of the body, from the waist to the toes. Pantyhose and Tights are commonly worn by women and are used for both fashion and practical purposes.
The GST rates for Pantyhose and Tights fall under the category of Apparel and Clothing Accessories. The GST rate for these products is 5%. This means that if you are a Small and Medium Business owner or a Startup Founder selling Pantyhose and Tights, you will need to charge your customers a 5% GST on top of the selling price of the product.
The HSN code for Pantyhose and Tights is 6115. This code falls under the category of Apparel and Clothing Accessories and specifically pertains to "Pantyhose, Tights, Stockings, Socks and Other Hosiery, including Graduated Compression Hosiery (For example, Stockings for Varicose Veins) and Footwear without applied Soles, Knitted or Crocheted".
Understanding the GST rates and HSN codes for your products is important for any Small and Medium Business owner or Startup Founder. The GST rate for Pantyhose and Tights is 5% and the HSN code is 6115. By properly categorizing your products, you can avoid any confusion or discrepancies when it comes to taxes. We hope that this article has been helpful in providing you with the necessary information on Pantyhose and Tights GST rates and HSN codes.
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