gst rate
This query is : Resolved
27 July 2024
Here's the GST rate information for the items you mentioned:
### **1. Old Gunny Bags**
- **GST Rate**: **5%** (2.5% CGST + 2.5% SGST)
- **HSN Code**: **6305**
Old gunny bags fall under this HSN code as they are considered used or waste products in the context of recycling and repurposing.
### **2. Jute Gunny Bags**
- **GST Rate**: **0%**
Jute gunny bags are exempt from GST due to their classification under essential items or items used in agricultural processes, which are often exempt to support the agricultural sector.
### **3. Cotton Sack**
- **GST Rate**: **12%** (6% CGST + 6% SGST)
- **HSN Code**: **6301**
Cotton sacks fall under this HSN code, and the applicable GST rate for these items is 12% as per the GST tariff.
### **Relevant Notifications:**
- **Notification No. 2/2017-Central Tax (Rate)** for exemptions and GST rates on certain goods.
- **Notification No. 1/2017-Central Tax (Rate)** and **Notification No. 11/2017-Central Tax (Rate)** cover the GST rates applicable to different goods and services.
### **Summary:**
- **Old Gunny Bags**: 5%
- **Jute Gunny Bags**: Exempt
- **Cotton Sacks**: 12%
Make sure to verify these rates against the latest GST notifications or consult with a tax advisor for the most accurate and up-to-date information.
### **1. Old Gunny Bags**
- **GST Rate**: **5%** (2.5% CGST + 2.5% SGST)
- **HSN Code**: **6305**
Old gunny bags fall under this HSN code as they are considered used or waste products in the context of recycling and repurposing.
### **2. Jute Gunny Bags**
- **GST Rate**: **0%**
Jute gunny bags are exempt from GST due to their classification under essential items or items used in agricultural processes, which are often exempt to support the agricultural sector.
### **3. Cotton Sack**
- **GST Rate**: **12%** (6% CGST + 6% SGST)
- **HSN Code**: **6301**
Cotton sacks fall under this HSN code, and the applicable GST rate for these items is 12% as per the GST tariff.
### **Relevant Notifications:**
- **Notification No. 2/2017-Central Tax (Rate)** for exemptions and GST rates on certain goods.
- **Notification No. 1/2017-Central Tax (Rate)** and **Notification No. 11/2017-Central Tax (Rate)** cover the GST rates applicable to different goods and services.
### **Summary:**
- **Old Gunny Bags**: 5%
- **Jute Gunny Bags**: Exempt
- **Cotton Sacks**: 12%
Make sure to verify these rates against the latest GST notifications or consult with a tax advisor for the most accurate and up-to-date information.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Capital gains in IT returns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
