Table of Contents
How much is GST in Rakhi?
2. Rakhi, which is in form of kalava [raksha sutra] will thus attract Nil GST.
Is Rakhi tax free in GST?
The Central Board of Excise and Customs (CBEC) on through FAQ’s on classification clarified that Rakhi, in form of kalava or raksha sutra will attract NIL GST.
What is the HSN code of Rakhi?
HSN Code 9604
| HS Code | Description | GST\% |
|---|---|---|
| 96040000 | HAND SIEVES AND HAND RIDDLES ,Products include: Rakhi | 18\% |
Can one HSN code have multiple GST rates?
it has been clarified that though both machine and parts are classified under the same HSN upto 4 digit, the rate of GST is different. In the instant case, though the HSN 8504 has two rates 18\% and 28\%, the rate of GST is 18\% as per serial number 453 of Schedule III which is correct.
What is the HSN code of shirt?
HSN Code 6109
| HS Code | Description | GST\% |
|---|---|---|
| 610910 | T-shirts, singlets and other vests of cotton, knitted or crocheted ,Products include: Polyester Knitted Mens T Shirt | 0\% |
What is the GST rate on Rakhi?
However, gold and silver rakhis will be taxed 5\%. The finance ministry has said puja samagri, including holy red thread ‘kalava’, would attract nil GST. Thus, rakhi, which is in the form of kalava, would be exempted. Any other rakhi would be classified as per its constituent materials and attract GST accordingly, it said.
Is GST applicable on rakhis and idols?
The central government has decided not to levy GST on rakhis and idols of deities. This is a big offer to the public the festival season is about to arrive and this may relax every Indian. But this rule is applicable only traditional rakhi, gold and silver rakhis will be taxed 5\%.
What is the GST rate for Puja samagri?
The finance ministry has said puja samagri, including holy red thread ‘kalava’, would attract nil GST. Thus, rakhi, which is in the form of kalava, would be exempted. CBEC also clarified that sandesh, a popular Bengali sweet, would attract 5\% GST whether it contains chocolate or not.