Quick Answer: Clothes Hsn Code?

What is GST for clothes?

GST Rate for Garment, Apparel and Clothing Under both categories, any piece of apparel or clothing would be taxed at 5% GST if the taxable value of the goods does not exceed Rs. 1000 per piece. As per schedule II of Chapter 62, all types of apparel and clothing of sale value exceeding Rs. 1000 shall attract 12% of GST.

What is HSN code?

HSN code stands for “Harmonized System of Nomenclature ”. This system has been introduced for the systematic classification of goods all over the world. HSN code is a 6-digit uniform code that classifies 5000+ products and is accepted worldwide.

How do I find my HSN code?

For example, if you are selling fresh bananas, you can find your HSN code under Section 02: Vegetable Products, Chapter 08: Edible fruits and nuts; peel of citrus fruits or melons, Heading 03: Bananas including Plantains, Subheading 9010: Bananas, fresh. Your HSN code will be 0803.

Is HSN code mandatory?

The mandatory reporting of HSN codes was introduced while preparing the GSTR-1 return from 1st April 2021. As per the revised declaration, taxpayers with an annual aggregate turnover of more than Rs. 5 crore must mandatorily declare six digits of the HSN code on all the tax invoices.

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How do I find my 6 digit HSN code?

The first two digits (39) indicates the chapter under HSN codes. The next two digits (08) indicates the headings under chapters. Next 2 digits (90) indicate the sub-headings, 6 digits HSN code is accepted worldwide.

What is HSN code GST?

HSN stands for Harmonised System of Nomenclature code. It is mandatory for both B2B and B2C tax invoices on the supplies of Goods and Services. This was introduced in 1988 by the World Customs Organization (WCO). HSN codes remove the need to upload details about the goods which makes filing of GST returns easier.

How many digits is HSN code?

HSN codes for goods at 6 digits are universally common. Therefore, common HSN codes apply to Customs and GST. Accordingly, codes prescribed in the Customs tariff are used for the GST purposes too (as has been specifically mentioned in the GST rate schedule).

What is HSN code for Labour work?

SAC Codes: SAC Code 9954 & SAC Code for Job Works | Tally Solutions.

What is the HSN code for job work?

The job work is a service activity carried out on behalf of the manufacturer and the input is owned by the supplier. Therefore, the HSN code for job work will be a Service Accounting Code(SAC). Here are some of the services falls under 9988 SAC.

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