As an Indian small business owner or startup founder, it's crucial to understand the various taxes and codes that apply to your products. In this article, we'll be discussing the GST rates and HSN codes for women's slips and petticoats.
Slips and petticoats are two types of undergarments that are commonly worn by women. While they serve similar purposes, there are some differences between the two. Slips are worn underneath dresses or skirts to prevent the fabric from clinging to the body or becoming see-through in the light. Petticoats, on the other hand, are worn underneath dresses or skirts to add volume and shape to the garment.
The GST rates for women's slips and petticoats fall under the "Innerwear and Nightwear" category. As of 2021, the GST rate for this category is 5%. This means that if you're selling women's slips or petticoats, you'll need to charge your customers a 5% GST tax on each purchase.
HSN codes are numerical codes that are used to identify goods in India for the purpose of GST. Women's slips and petticoats are categorized under HSN code 6108. This code falls under the "Articles of Apparel and Clothing Accessories" category.
When you're filling out your GST returns, you'll need to use the HSN code 6108 to report your sales of women's slips and petticoats. This ensures that the correct GST tax is charged and that your business is in compliance with Indian tax laws.
Understanding the GST rates and HSN codes for your products is essential for any Indian small business owner or startup founder. By knowing the correct codes and taxes, you can ensure that your business is in compliance with Indian tax laws and avoid any penalties or fines. If you're selling women's slips or petticoats, remember to charge your customers a 5% GST tax and report your sales using HSN code 6108.
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