What is the GST rate on HSN Code 63501040. The commodity is Jute Packing Bags. The price of each bag is less than Rs. 1000 ? Is there any recent change in the GST rate on the above specified HSN ? Please clarify. Thanks in advance.
Reply— No there is no change in tax rate on jute packing bags, rate of tax is 5% where value is less than Rs. 1000/- per piece.
Woven and non-Woven bags and sacks of polyethylene or polypropylene strips or the like, whether or not laminated, of a kind used for packing of goods attracts 18% GST rate w.e.f. 01.01.2020.
Refer notification no. 27/2019–Central Tax (Rate) Dated 30th December, 2019.
Posted Date: Jan 10, 2020