The HSN code’s Chapter 61 covers knitted and worn clothing. Clothing that is not knitted is covered in Chapter 62. The garment industry cannot claim the input tax credit because the GST rate on raw materials is higher than the GST rate on finished goods. The Indian government changed the ...
GST Rates on Gold Jewelry Refer to this table below to understand GST Rates on Gold Jewelry in a better way: Particulars HSN Code GST Rate (1) Precious and semi-precious stones (other than diamonds), whether or not worked or graded, but not strung, mounted, or set (2) Precious stones...
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