Reduced GST rate on Velvet fabric

GST rate on Velvet fabric


The GST tariff rate on goods under HSN  5801 37 20 has been Revised as per GST council meet held on 18th January, 2018.  The details of reduced GST rate on Velvet fabric is as follows:


Latest GST rate on Velvet fabric


HSN number:  5801 37 20 

Velvet fabric

GST rate before 18th January, 2018: 12%

Revised rate of GST w.e.f 18.01.2018: 5%   WITH NO REFUND OF UNUTILISED INPUT TAX CREDIT  


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Mahendra k.jain: We are mfgr.of taffeta velvet with Powder advise rate of GST and hsn code.

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