TULLES - GST RATES & HSN CODE 5804

As an Indian small or medium business owner, the new Goods and Services Tax (GST) can be overwhelming, with its many codes and regulations. One item that is often overlooked is Tulles. Tulles are a popular material used in the fashion and textile industries, and it is important to understand the GST rates and HSN code for this item. In this article, we will dive into the details of Tulles' GST rates and HSN code 5804.

Understanding Tulles

Tulles are a lightweight, sheer fabric commonly used for dresses, veils, and other decorative purposes. They are made from a variety of materials, including silk, cotton, and synthetic fibers. Tulles come in a range of colors and patterns, and they are often used in the fashion industry for clothing and accessories.

GST Rates for Tulles

Under the GST regime, Tulles are classified under chapter 58 of the GST tariff. Chapter 58 covers "Special Woven Fabrics; Tufted Textile Fabrics; Lace; Tapestries; Trimmings; Embroidery." The GST rate for Tulles is 5%, which is relatively lower compared to the tax rates for other textiles.

HSN Code for Tulles

A Harmonized System of Nomenclature (HSN) code is a unique code given to every product for identification purposes. The HSN code for Tulles is 5804. The four-digit code classifies Tulles under the category of "Tulles and other net fabrics, not including woven, knitted, crocheted; lace in the piece, strips, or motifs." This category falls under chapter 58 of the GST tariff.

Conclusion

As an Indian small or medium business owner in the fashion or textile industry, understanding Tulles' GST rates and HSN code is important for compliance and proper tax filing. Tulles are classified under chapter 58 of the GST tariff, and the GST rate for Tulles is 5%. The HSN code for Tulles is 5804. By knowing these details, business owners can ensure that they are accurately calculating and paying their taxes, which will help them avoid any legal issues down the line.