door curtain hsn code and gst rate

door curtain hsn code and gst rate

Understanding Door Curtains: HSN Code and GST Rate

When it comes to decorating our homes, door curtains play a significant role in adding a touch of elegance and style. Not only do they enhance the aesthetic appeal of our doors, but they also provide privacy, block out light, and reduce noise pollution. In India, the door curtain industry is growing rapidly, and with it, the need for understanding the Harmonized System of Nomenclature (HSN) code and Goods and Services Tax (GST) rate has become crucial for businesses and individuals alike.

What is HSN Code for Door Curtains?

The HSN code is an internationally accepted system of names and numbers used to classify traded products. In India, the HSN code for door curtains falls under the category of "Curtains, blinds, and valances" with the code 6303.90.90. This code is used to classify door curtains made of various materials such as cotton, polyester, silk, and others.

GST Rate on Door Curtains

The GST rate on door curtains in India is 12%. This rate applies to all types of door curtains, including curtains made of cotton, polyester, silk, and other materials. However, it's essential to note that the GST rate may change over time, and businesses and individuals should stay updated with the latest tax laws and regulations.

How to Calculate GST on Door Curtains?

Calculating GST on door curtains is a straightforward process. Let's take an example to illustrate this. Suppose you purchase a door curtain worth ₹1,000. To calculate the GST, you would multiply the price by the GST rate, which is 12% in this case.

GST = ₹1,000 x 12% = ₹120

The total cost of the door curtain, including GST, would be ₹1,000 + ₹120 = ₹1,120.

Conclusion

In conclusion, understanding the HSN code and GST rate on door curtains is crucial for businesses and individuals in India. By knowing the correct HSN code and GST rate, you can ensure compliance with tax laws and regulations, avoid penalties, and make informed decisions when purchasing or selling door curtains.