GST Rates and HSN Code for Vegetable Material, Brooms, and Brushes

India has a diverse range of vegetation, and as a result, vegetable materials are used in various industries. One such industry is broom and brush manufacturing, which has been using vegetable material since ancient times. In this article, we will discuss the GST rates and HSN code for vegetable material, brooms, and brushes.

What is GST?

GST stands for Goods and Services Tax, which is an indirect tax levied on the supply of goods and services. It is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.

The GST system has replaced multiple state and central taxes that were previously applicable, such as excise duty, service tax, and value-added tax. The new system has helped streamline the taxation process and has made it easier for businesses to comply with tax laws.

What is an HSN code?

HSN stands for Harmonized System Nomenclature, which is a system of classification of goods that is recognized globally. The HSN code is a unique six-digit code that is assigned to each product that is traded across borders.

The HSN code helps in the identification of the product, making it easier for customs officials to check the compliance of the product with the regulations. The HSN code is also used in calculating the GST rate applicable to the product.

HSN Code and GST Rates for Vegetable Material

Vegetable material is used extensively in broom and brush manufacturing. The HSN code for vegetable material is 1403. The GST rate applicable to vegetable material is 5%.

The following products fall under the category of vegetable material:

1. Broomcorn

2. Piassava

3. Bassine

4. Raffia palm

5. Rice straw

6. Other vegetable products such as cereal straw, bamboo, and similar materials

HSN Code and GST Rates for Brooms and Brushes

Brooms and brushes are used extensively in households, offices, and industries. The HSN code for brooms and brushes is 9603. The GST rate applicable to brooms and brushes is 18%.

The following products fall under the category of brooms and brushes:

1. Brooms, brushes, and floor sweepers, made of vegetable material

2. Brooms, brushes, and floor sweepers, made of animal hair

3. Brooms, brushes, and floor sweepers, made of plastics materials

4. Brooms, brushes, and floor sweepers, made of other materials such as metal or textile material

Conclusion

In conclusion, the GST rates and HSN codes for vegetable material, brooms, and brushes are as follows:

1. HSN code for vegetable material: 1403

2. GST rate for vegetable material: 5%

3. HSN code for brooms and brushes: 9603

4. GST rate for brooms and brushes: 18%

It is important for businesses in the broom and brush manufacturing industry to be aware of the applicable HSN code and GST rate to ensure compliance with tax laws. The GST system has made it easier for businesses to comply with tax laws, and it is important for businesses to take advantage of this system.