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Published on:
February 25, 2023
By
Paramita

Woven Fabrics of Jute - GST Rates HSN CODE 5310

Jute is a popular natural fiber that is widely used in the textile industry. It is a sustainable and eco-friendly material that is often used to make bags, carpets, and rugs. If you are a business owner dealing with jute products, it is important to know the GST rates and HSN codes for woven fabrics of jute. In this article, we will provide a comprehensive guide to help you understand the GST rates and HSN codes for woven fabrics of jute.

What are woven fabrics of jute?

Woven fabrics of jute are a type of textile made from natural jute fibers. These fabrics are commonly used to make bags, carpets, and rugs. Woven fabrics of jute are durable, eco-friendly, and have a unique texture that makes them popular among consumers.

GST rates for woven fabrics of jute

The GST rates for woven fabrics of jute are as follows:- GST rate for woven fabrics of jute is 5%

HSN code for woven fabrics of jute

The HSN code for woven fabrics of jute is 5310. This code is used to classify woven fabrics of jute for GST purposes. The HSN code for woven fabrics of jute is important for businesses that deal with jute products as it helps them identify the correct GST rates for their products.

How to determine the GST rates for woven fabrics of jute?

To determine the GST rates for woven fabrics of jute, you need to follow the steps below:

Step 1: Identify the HSN code for woven fabrics of jute (HSN code 5310)

Step 2: Check the GST rate for HSN code 5310 (GST rate for woven fabrics of jute is 5%)

Step 3: Calculate the GST amount by multiplying the GST rate by the taxable value of the goods

For example, if the taxable value of woven fabrics of jute is Rs. 1000, the GST amount will be Rs. 50 (5% of Rs. 1000).

Conclusion

In conclusion, woven fabrics of jute are classified under HSN code 5310 and have a GST rate of 5%. It is important for businesses that deal with jute products to understand the GST rates and HSN codes for woven fabrics of jute to ensure that they are paying the correct amount of taxes. By following the steps outlined above, businesses can easily determine the GST amount for woven fabrics of jute and avoid any penalties for non-compliance with GST regulations.

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Updated on:
March 10, 2023