Woven fabrics of flax are a popular textile material that finds its use in various industries such as fashion, home decor, and industrial applications. In India, GST rates and HSN code for woven fabrics of flax are governed by the GST Council, which is the apex body for all GST-related matters.
Woven fabrics of flax are classified under chapter 53 of the Harmonized System of Nomenclature (HSN). The GST rate for woven fabrics of flax is 5%.
This 5% GST rate is applicable to all types of woven fabrics of flax, including those used for industrial purposes.
It is important to note that GST rates for woven fabrics of flax may vary depending on the specific use of the fabric. For instance, if the fabric is used for making clothes or home decor items, the GST rate may be different from that applicable to industrial use. It is therefore advisable to consult with a tax expert or refer to the GST Council website for specific GST rates applicable to your use case.
The HSN code for woven fabrics of flax is 5309.
This HSN code is used to classify all types of woven fabrics of flax under GST. It is important to note that the HSN code for woven fabrics of flax may vary depending on the specific use of the fabric. For instance, if the fabric is used for making clothes or home decor items, the HSN code may be different from that applicable to industrial use.
Woven fabrics of flax are an important textile material that finds its use in various industries. It is important for small and medium business owners and startup founders to understand the specific GST rates and HSN codes applicable to their use case to ensure compliance with GST regulations. To stay updated on GST-related matters, it is advisable to regularly check the GST Council website or consult with a tax expert.
E-Invoicing - How should SMEs prepare for it
GST Liability on Purchases from Unregistered Dealers/Service Providers
GST Rates and HSN Code for Omitted Goods
