Lac bangles in which category in gst with hsn code
and which gst rate
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lac bangles
Replies (3)
Lac or shellac bangles are classified under HSN 7117 (imitation jewellery) and attract 3% GST.
CBEC FAQs https://bit.ly/2kkdBpe
ALL TYPES OF BANGLES WHETER IT IS MADE OF GLASS/PLASTIC/METAL ARE FULLY EXEMPTED FROM GST & SLABED IT UNDER 0%. BUT, BANGLES MADE OF PRECIOUS METAL IS CHARGED TO TAX @ 3%. THUS IF YOU MADE BANGLES OF GOLD OR ANY OTHER PRECEOUS METAL THAN IT TAXED UNDER GST RATE OF 3%.
thanks sir
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