Gst rates on power loom products
This query is : Resolved
26 June 2017
What is the GST rates for silk sarees Manufactured through Power looms
26 June 2017
18 % ......................
27 June 2017
Thank you
Please send the HSN Code number
Please send the HSN Code number
27 July 2024
### GST Rates on Power Loom Products
**Silk Sarees Manufactured through Power Looms**
#### GST Rate and HSN Code for Silk Sarees
**1. **HSN Code:** 5007
**2. **GST Rate:** **5%**
**Explanation:**
- Silk sarees, regardless of the method of production, are categorized under HSN Code 5007. The GST rate applicable to silk sarees is **5%**. This rate is uniform for silk sarees manufactured through power looms as well as other methods.
**Chapter:**
- **Chapter 50** of the GST HSN codes covers silk and silk articles.
### Summary
- **Product:** Silk Sarees (Manufactured through Power Looms)
- **HSN Code:** 5007
- **GST Rate:** **5%**
### Key Points:
- **HSN Code:** Always use the specific HSN code related to the product to apply the correct GST rate.
- **GST Rate Consistency:** The GST rate is consistent across different methods of manufacturing for silk sarees.
### Recommendations:
- **Consult a Tax Professional:** For precise classification and compliance, especially if your product range or manufacturing process involves complex scenarios, consulting with a GST professional is advisable.
This should provide clarity on the GST rate and HSN code for silk sarees manufactured through power looms.
**Silk Sarees Manufactured through Power Looms**
#### GST Rate and HSN Code for Silk Sarees
**1. **HSN Code:** 5007
**2. **GST Rate:** **5%**
**Explanation:**
- Silk sarees, regardless of the method of production, are categorized under HSN Code 5007. The GST rate applicable to silk sarees is **5%**. This rate is uniform for silk sarees manufactured through power looms as well as other methods.
**Chapter:**
- **Chapter 50** of the GST HSN codes covers silk and silk articles.
### Summary
- **Product:** Silk Sarees (Manufactured through Power Looms)
- **HSN Code:** 5007
- **GST Rate:** **5%**
### Key Points:
- **HSN Code:** Always use the specific HSN code related to the product to apply the correct GST rate.
- **GST Rate Consistency:** The GST rate is consistent across different methods of manufacturing for silk sarees.
### Recommendations:
- **Consult a Tax Professional:** For precise classification and compliance, especially if your product range or manufacturing process involves complex scenarios, consulting with a GST professional is advisable.
This should provide clarity on the GST rate and HSN code for silk sarees manufactured through power looms.
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