What is gst rate and hsn code for sarees which are above 1000Rs.
Reply—Sarees are treated as fabrics and a Saree remains fabrics only as no new item emerges having distinct name, character and use. Stitching of two or more different kinds of fabrics also does not take away its classification. Therefore, the Sarees whether embroidered or not would be taxed at the same rate at which the fabric is taxed.
HSN code 5007 20 10 — Sarees of other fabric containing 85% or more by weight of silk or of silk waste other than noil silk attracts 5% GST whether above or below Rs. 1000/-.
HSN 5208— Cotton Sarees are also taxable @5% whether below or above Rs. 1000/-
Posted Date: Feb 26, 2021