GST Rates and HSN Code for Carpets and Other Textile Floor Coverings - Chapter 57 In India, the structure of taxation on products is predominantly influenced by Goods and Services Tax (GST ). GST Rates on Carpet and Other Textile Floor Coverings (HSN 57): For businesses in the trade of carpets and other textile floor coverings, it is important to know the related GST rates and HSN codes under Chapter 57.
The information provides detailed insight concerning the GST rates and HSN Code applicable to Carpets, door mats and rubber mats, which can keep traders and businesses informed concerning taxation rules.
Understanding the HSN Code and Its Importance The Harmonized System of Nomenclature (HSN) Code is a unique code used for the systematic classification of goods globally. The Goods and Services Tax (GST) in India requires all products to be identified with HSN codes, creating a consistent tax environment. HSN classification Chapter 57 deals with carpets and other textile floor coverings, and different sub-categories attract different GST rates.
GST on Carpet and Other Textile Floor Coverings Carpets and floor coverings are made from wool, synthetic fibres, and coir. The GST rate of carpet is different for different types of carpet based on its composition. Here is the detailed breakdown of GST on the carpet as per different HSN codes-
1. HSN Code 5702 – Woven Carpets and Floor Coverings Carpets and other textile floor coverings, woven, not tufted or flocked. These products are often constructed with raw materials, including wool, silk, or synthetic fibres.
GST Rate: 12%
So, examples are handmade woollen carpets, Persian carpets, machine-made woven carpe.ts
2. HSN Code 5703 – Tufted Carpets and Textile Floor Coverings The HSN Code 5703 relates specifically to tufted carpets and textile floor coverings, which are formed by inserting tufts of yarn into the backing.
GST Rate: 12%
These include Tufted woollen carpets, nylon carpets, and sand synthetic fibre carpets. etc
3. HSN Code 5704 – Linoleum and Similar Floor Coverings This includes textile-backed linoleum and other textile-backed floor coverings.
GST Rate: 18%
These include printed linoleum sheets, PVC-backed floor coverings
4. HSN Code 5705 – Other Textile Floor Coverings It includes textile floor coverings that are not included in other categories. It encompasses a popular, unique material employed in flooring solutions.
GST rate: 8%
Examples include Needle-punched carpets, felt-based mats
GST Rate for Specific Floor Coverings They trade in carpets as well as mats and floor coverings of all types. It is important to know the GST rates applicable to these products.
Product HSN Code GST Rate Examples Textile-based Door Mats 5703 12% Cotton mats, woollen mats, synthetic fabric mats Rubber-based Door Mats 4016 18% Heavy-duty rubber mats, non-slip rubber mats Rubber Mats 4016 18% Anti-fatigue mats, rubber floor mats, industrial rubber mats
You might also be interested in Hard Rubber GST Rate & HSN Code 4017
GST Compliance and ITC for Carpet Sellers Therefore, businesses providing carpet trade services need to follow GST compliance which includes raising the bill and collecting tax. Above all, the Input Tax Credit (ITC) can also be taken on the GST paid for purchasing raw materials in the carpet industry, thus decreasing the overall tax liability.
Tips to ensure GST compliance in the coming year While invoicing, the correct HSN code must be mentioned. The correct GST rate must be applied, as this will help avoid penalties. Proper records should be followed by businesses for GST filing and ITC claims.s GST-Compliant Made Easy: Swipe Has Got Your Back! Finding GST rates and HSN codes for carpets and textile floor coverings is not a hassle anymore with Swipe! As a carpet trader, carpet manufacturer or carpet retailer, our intuitive platform helps ensure that you remain GST-compliant invoice generation and Input Tax Credit (ITC) claims to avail seamlessly. GST filing is made easy, avoid penalties by being up to date with the latest tax rates with our business tools.
Simplify your GST processes with Swipe today so that tax complexities do not hinder your business!
Conclusion Processing of carpet and floor coverings are accounted for under HSN codes under Chapter 5, They are not only used for AES but for all types of taxation, including GST. Whether it relates to woven carpets (5702), tufted carpets (5703), or rubber mats (4016), upstream taxation allows businesses to remain compliant and tax-efficient. Therefore, keeping track of the tax rates to maintain a transparent transaction and avoid the constraints of the trade operations plays an important role.
For carpet industry businesses, keeping up with GST rules and HSN codes allows smooth operations and financial efficiency. Through compliance issues and to take benefit of tax as a whole it is essential to check dear rates and rules at regular intervals.
FAQ 1. What is the GST rate for woven carpets & floor coverings (HSN 5702)? The GST rate is 12% on woven carpets and floor coverings, such as handmade woollen carpets and machine-made woven carpets.
2 . What is the GST rate on rubber mats? Rubber mats like anti-fatigue mats and industrial rubber mats come under HSN 4016 and are charged with 18% GST.
3. Can carpet traders avail of Input Tax Credit (ITC) under GST? Yes, carpet traders and carpet manufacturers are entitled to claim the ITC on GST paid on raw materials and at every stage of business, thereby lowering their effective tax liability.
4 . Importance of correct HSN code in Invoicing. The right HSN code allows for tax calculation accuracy, avoids penalty-related issues, and keeps businesses running smoothly in terms of GST compliance.
5 . Where can I get information on GST rates and compliance for carpets and floor coverings? We recommend either monitoring GST notifications or consulting a tax expert to stay current and up to date, but if you use a GST-compliant invoicing platform like Swipe, you can focus on your business while GetSwipe does the heavy lifting of tax calculations and compliance for you.
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