Textile fibre machines are essential for the processing of natural and synthetic fibres in the textile industry. GST rates and HSN codes for textile fibre machines have been revised several times since the implementation of GST. This blog post will provide you with an overview of the GST rates and HSN code for textile fibre machines in India.
The GST rates for textile fibre machines are based on the HSN code under which they fall. The GST rates for textile fibre machines are as follows:
It is important to note that the GST rates for textile fibre machines are subject to change. It is recommended that you check the latest GST rates before making any purchase or sale of textile fibre machines.
The HSN code for textile fibre machines is 8445. The HSN code for parts and accessories for textile fibre machines is 8448. These codes are used to classify textile fibre machines and their components for tax purposes.
Under the HSN code 8445, textile fibre machines are classified into various categories based on their functionality. Some of the categories under HSN code 8445 are:
It is important to classify the textile fibre machines correctly under the relevant HSN code to ensure that the correct GST rate is applied.
Textile fibre machines are an integral part of the textile industry in India. The GST rates and HSN codes for textile fibre machines are subject to change, and it is important to stay updated with the latest rates and codes to ensure compliance with the GST law. We hope this blog post has provided you with a better understanding of the GST rates and HSN code for textile fibre machines in India.
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