Pure Silk Saree Gst Rate

Raw silk, Silk cocoon and Silk waste are exempted from tax.

Other silk items are taxed at 5%, with full Input tax credit, however refund of excess ITC is not available.

Exempted from tax:

1. Silkworm laying, cocoon [5001]
2. Raw silk [5002]
3. Silk waste [5003]

Taxed at 5% with full ITC (No refund):

1. Silk yarn [5004, 5005, 5006]
2. Woven fabrics of silk or silk waste [5007] [With no refund of ITC accumulation]