Table of Contents
What is the GST for handloom sarees?
5\%
HSN Code 5208
| HS Code | Description | GST\% |
|---|---|---|
| 52081120 | SAREE ,Products include: Handloom Silk Sarees, Handloom Items, Cotton Sarees | 5\% |
What is the GST rate on silk sarees?
Saree and Dhoti
| Constituent fibre | Description | GST Rate |
|---|---|---|
| Silk | Wovenfabrics of Silk-sarees | 5\% |
| Cotton | Of not more than 200 gsm | 5\% |
| Of more than 200 gsm | 5\% | |
| Man-made filaments yarn | Of any gsm | 5\% |
What is GST rate on handloom products?
Since Independence, handlooms have not been taxed. Under GST, cotton fibre, yarn and fabric, which were not taxed earlier, are now taxed at 5 per cent. Synthetic fibre yarn is taxed at 18 per cent. For fabrics from handmade yarn it is 12 per cent for the yarn and 5 per cent for the prepared fabric.
What is the GST rate on sarees?
GST Rates FAQs
| Constituent fibre | Description | GST Rate |
|---|---|---|
| Silk | Woven fabrics of silk – sarees | 5\% |
| Cotton | Of not more than 200 gsm | 5\% |
| Of more than 200 gsm | 5\% | |
| Manmade filaments yarn | Of any gsm | 5\% |
Is handloom exempted from GST?
Exemption to Handloom Sector From GST. Turnover of most of the weavers does not exceed Rs 20 Lakh and therefore they do not require registration under GST. Moreover, GST is implemented through an Act of Parliament with States as equal partners in GST Council with Government of India.
What is the GST rate for clothes?
12\%
The Central Board of Indirect Taxes and Customs (CBIC) stated that the GST rate on any worth of clothes will be 12\% beginning next year. Currently, a 5\% tax on sales up to Rs 1000 per piece is charged.
Is Saree exempt from GST?
We do not want GST on sarees. Till now, the Central Board of Excise and Customs did not consider sarees to be “made-up” or readymade garments. A 2 per cent excise duty is levied on ‘made-ups’ that cost over ₹1,000. Most States also do not levy value-added tax on sarees or levy marginal rates.
What percentage of clothing is GST?
12 percent
GST rate on fabrics has been increased to 12 percent from 5 percent from January 2022 and GST on apparel of any value has been increased to 12 percent, compared to earlier when pieces priced up to Rs 1,000 were subject to 5 percent GST.
What are the items exempted from GST?
Exempted Goods in GST exemption list
- Food. Fruits and vegetables, cereals, meat and fish, potatoes and other edible tubers and roots, tender coconut, tea leaves, jaggery, coffee beans, ginger, turmeric, milk, curd, etc.
- Raw materials.
- Tools/Instruments.
- Miscellaneous.
So, technically silk sarees and cotton sarees should fall under 5\% gst slab. Silk falls under HSN code chapter 50 of GST commodity tariff schedule. Some of the categories business under HSN code 50 are expected to be exempted from GST. The list is yet to be released.
What is the GST HSN code for silk waste?
Exempted from tax 1 Silkworm laying, cocoon- GST HSN code 5001 2 Raw silk falls under HSN code 5002 3 Silk waste comes under HSN code 5003
What is the HS code for saree?
HSN Code 5208. Woven fabrics of cotton, containing = 85\% cotton by weight and weighing = 200 g/m². HS Code. Description. GST\%. 520822. Plain woven fabrics of cotton, containing = 85\% cotton by weight and weighing 100 g to 200 g/m², bleached ,Products include: Readymade Saree. 5\%.
How much is the tax on silk in India?
Raw silk, Silk cocoon and Silk waste are freed from tax. Other silk items are taxed at 5\%, with full Input tax credit. However refund of excess ITC is not available. Silk is classified under chapter 50 of HSN code system Silk waste is exempted from paying GST.