WHAT IS GST RATE ON HANDMADE CARPET HAVING PRICE MORE THEN RS.1000/- ??
Reply— Other carpets and other textile floor coverings, whether or not made up; such as Mats and mattings including Bath Mats, where cotton predominates by weight, of Handloom, Cotton Rugs of handloom are classified under HSN code 5705 and taxable @12% w.e.f 27.07.2018. It does not matter whether price is more or less than Rs. 1000/-.
Coir mats, matting, floor covering and handloom durries are classified under HSN 5702 and taxable @5%.
Posted Date: Mar 01, 2021