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What is the classification of "Rakhi", Goods and Services Tax - GST |
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What is the classification of "Rakhi" |
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Dear All, I shall be thankful if someone could tell me the Chapter Heading and rate of GST applicable on “Rakhi” used in the “Rakshabandhan” festival. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Rakhi is cover under HSN 96040000 & Rate of GST is 18%.
In English Rakhi is called "Cotton Bracelet". Chapter 52.
When Sir Purchase it they need to pay 18% but they they supply free to brother they will attract 0% GST for brothers . Rather then purchasing any gifts in return of Rakhi it is advisable for all brothers to pay CASH Cover to avoid GST Page: 1 Old Query - New Comments are closed. |
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