What is the classification and GST rate for man-made fishnet twine?

By | July 26, 2017
(Last Updated On: July 26, 2017)

What is the classification and GST rate for man-made fishnet twine?

  • As per the HSN Explanatory Notes, goods of man-made fibres (including those yarns of two or more’ monofilaments of Chapter 54) measuring 10,000 decitex or less are classifiable under Chapter 54 or 55 as yarn and attract 18% GST.
  • Goods of man-made fibres (including those yarns of two or ” more monofilaments of Chapter 54) measuring more than 10,000 decitex are classifiable under heading 5607 as twine and attract 12% GST.

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2 thoughts on “What is the classification and GST rate for man-made fishnet twine?

  1. Pingback: GST Classification : Free Study Material - Tax Heal

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