WebHS Code. Description. GST%. 100490. BABIES GARMENTS AND CLOTHING ACCESSORIES OF WOOL OR FINE ANIMAL HAIR Products Include: Hoodie, Readymade Garments. 5%. 10040010. GARMENTS,MADE UP OF FABRICS OF HEADING NO.5602 OR 5603 Products Include: Coverall, Disposable Gown, Isolation Gown, Readymade … WebApr 10, 2024 · MACHINERY AND PLANT. (1) Machinery and plant other than those covered by sub-items (2), (3) and (8) below : [Rate of depreciation shall be 40% if conditions of Rule 5 (2) are satisfied] 15. (2) (i) Motor cars, other than those used in a business of running them on hire, acquired or put to use on or after the 1st April, 1990 except those covered ...
GST Rates & HSN Codes on Clothing & Accessories for Men, …
WebNov 29, 2024 · The Central Board of Indirect Taxes and Customs (i.e., CBIC) has recently announced an increase in the goods and service tax rates (GST rates) on different types of textiles, garments, and footwear from 5% to 12%, effective from January 1, 2024. WebThe primary GST slabs for regular taxpayers are currently 0% (nil-rated), 5%, 12%, 18%, and 28%. There are a few GST rates that are less commonly used, such as 3% and 0.25%. Furthermore, the taxable composition persons are required to pay General Service Tax at lower or nominal rates such as 1.5%, 5%, or 6% on their turnover. black bean sauce chicken stir fry
Explained: Why did the government hike GST rate for garments …
WebJan 21, 2024 · 10.2 Fabrics are classifiable under chapters 50 to 55 and 60 of the First Schedule to the Customs Tariff Act, 1975 on the basis of their constituent materials and attract a uniform GST rate of 5%. Garments and made up articles of textiles under chapters 61, 62 and 63 attract GST at the rate of 5% when value is upto Rs 1000 per piece and … WebJan 17, 2024 · What are the GST Rates on Readymade Garments below Rs. 1000 and above Rs. 1000? Case 1: Shaurya Ltd. sells trousers for Rs. 1500 to the customer. The GST to be charged by Shaurya Ltd. shall be at the rate of 12%. Case 2: Shaurya Ltd. sells trousers, same as mentioned above for Rs. 700 to the customer. black beans at walmart