Blankets and Other Rugs HSN Code and GST Rate - 6301

HSN code and GST rate for blankets and other rugs. For entrepreneurs and consumers, it is imperative to note that ever since the Goods and Services Tax (GST) was introduced in India, reflecting on the burden tax put on certain products such as mattresses has been an essential exercise. This paper sets out to examine the blanket HSN code which is identified as 6301 and determine its relevant GST rate, and how these codes can affect trade and tax.” What is the HSN Code for Blanket GST?

What is the HSN Code for Blanket GST?

HSN is a term used interchangeably all over the world. The HSN or the Harmonized System of Nomenclature Code is a distinct set of rules and methods for goods descriptions, controlled and defined in the HSN, Code 6301: Textiles. Blankets and traveling rugs are classified using HSN Code 6301. This code spans all types of blankets ranging from natural fiber, synthetic, or blends. HSN Codes make it easier to determine the classification of products which makes trade simpler between countries and states.

Blanket HSN Code and GST Rate: An Overview

Blankets and carpets are classified under the HSN code 6301 which is further subdivided into subheadings based on the type of material and the composition of the goods. The GST on blankets is set according to the material and other conditions as well. The blanket GST rate is usually 5% or 12% depending on the product.

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Breakdown of HSN Code 6301 and GST Rates:

HSN Code	Description	Rate (%)	Effective Date	Rate Revision
6301	Blankets And Travelling Rugs	5/12	15/11/2017	5% 12%
63011000	Blankets And Travelling Rugs Electric Blankets	5/12	15/11/2017	5% 12%
63012000	Blankets And Travelling Rugs Blankets (Other Than Electric Blankets) And Travelling Rugs, Of Wool Or Fine Animal Hair	5/12	15/11/2017	5% 12%
63013000	Blankets And Travelling Rugs Blankets (Other Than Electric Blankets) And Travelling Rugs, Of Cotton	5/12	15/11/2017	5% 12%
63014000	Blankets And Travelling Rugs Blankets (Other Than Electric Blankets) And Travelling Rugs, Of Synthetic Fibres	5/12	15/11/2017	5% 12%
630190	Other Blankets And Travelling Rugs	5/12	15/11/2017	5% 12%
63019010	Blankets And Travelling Rugs Other Blankets And Travelling Rugs:Jute Blankets Including Blankets Of Blended Jute	5/12	15/11/2017	5% 12%
63019090	Blankets And Travelling Rugs Other Blankets And Travelling Rugs: Other	5/12	15/11/2017	5% 12%

Blanket HSN Code and GST Rate in Practice

1. Natural Fiber Blankets

Woolen or cotton natural fiber blankets are classified as HSN Code 6301.20 and taxed at 5%. This category of goods is in the lower tax bracket since they are regarded as fundamental home needs.

2. Synthetic Fiber Blankets

Blankets made from synthetic fibers like polyester or acrylic are categorized as HSN Code 6301.30 and are taxed at 12% blanket. These blankets tend to be cheaper and more durable compared to the natural ones. However, their classification as non-essential goods raises the tax rates.

3. Electric Blankets

Electric blankets are classified as HSN Code 6301.40 and 12% GST is applicable. Like other luxury or special use goods, regular blankets should be taxed at a lower rate, but electric blankets incur a higher tax due to cost.

4. Other Rugs and Blankets

Other types of rugs and blankets are classified under HSN Code 6301.90 and can incur tax at either 5% or 12% depending on their use and purpose.

Impact of GST on Blankets

With the introduction of GST, we now have a harmonised taxation system which has simplified compliance requirements. In this regard, let’s see what effects GST has on the blanket business:

1. Focused Classification: Businesses may classify and categorize their products and calculate taxes using the HSN Code 6301.

2. Cost Ramifications: Lower tax slab on natural fiber blankets, makes them easy on the pocket as compared to the higher tax slab on the synthetic and electric ones that may alter consumer buying behavior.

3. Increased Business Opportunities: A single GST rate for all states makes it easier for both the manufacturers and retailers to trade across state boundaries.

Example Scenarios for Blanket GST Application

1. A cotton blanket that has a selling price of Rs.1,000 attracts a 5% GST and the final price becomes Rs.1,050.

2. A polyester blanket that has a selling price of Rs.1,000 attracts a 12% GST making the final price Rs.1,120.

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Conclusion

For the classification of blankets and rugs in India, the HSN Code 6301 is a very important tool. Knowing the blanket HSN code and GST not only helps in tax filing, but also increases accountability in the economy. Unlike other goods and services which are uniformly taxed at 18% during GST, the rate for tax on blankets is much lower. The range for GST on blankets is set from 5 to 12 percent, and is conditional to the type of material used and the classification of the blanket.

Sticking to the set classifications helps businesses manage their tax liabilities while making it easier for consumers to understand the cost of goods. When purchasing blankets, be it woolen or electric ones, it is good to know the applicable GST on blankets as it would be an enlightening experience.

FAQs

1. What is the HSN code for blanket GST?

For blankets, the HSN code is 6301 which also includes woolen and electric blankets.

2. What is the blanket HSN code and GST rate?

All blankets which fall under the HSN Code 6301 are naturally taxed at five percent for natural fibers, and twelve percent for synthetic or electric blankets.

3. What is the GST tax on blanket?

For blankets, the GST tax ranges from 5% to 12%. The range classification is based on type and composition of the blanket.

4. How is the 6301 HSN code specified?

The HSN code 6301 is applied to the classification of blankets and travelling rugs for the purpose of proper taxation under GST.

5. What is the GST rate for woolen blankets?

Woolen blankets bearing the HSN Codes 6301 and under are subject to a GST of 5%.

6. Is not the blanket HSN code the same for both synthetic and natural fiber blankets?

The blanket HSN code does in fact remain 6301, but the GST rate on these items varies—5% for natural fibers and 12% for synthetic.

7. What is the GST on electric blankets?

HSN Code 6301 is used for blankets and it has a 12% GST applied to it.

8. Do electric and woolen blankets carry the same GST rate?

Indeed, the GST applied on blankets is 5% for woolen or cotton and 12% for synthetic or electric blankets.

9. Why is it important to use HSN Code 6301 for blankets?

The 6301 HSN code is used so that there is consistency in classification to aid in tax compliance and facilitate trade of blankets.

10. Is it true that GST has an effect on blanket prices?

The blanket GST rate has an impact on the cost of items; it is lower for natural fiber blankets (5%) and significantly higher in price for synthetic and luxury items (12%).

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