What GST rate applies to human hair wigs under HSN 6704

Understanding GST Rates for Human Hair Wigs Under HSN 6704

As a business owner in the apparel or rental services industry, it's essential to understand the GST rates applicable to your products and services. In this article, we'll focus on the GST rates for human hair wigs under HSN 6704 and how it affects your rental services.

Section 1: Outright Sale of Goods (HSN Codes)

According to the latest billing rules and slabs, costumes and apparels, including human hair wigs, fall under the HSN code 6704. The GST rate for this category is 18%.

However, if you're selling human hair wigs with a sale value of less than ₹2,500 per piece, the GST rate would be 5%. This is a crucial detail to consider when creating your sale invoices using tools like saleinvoice.in or performainvoice.com.

Section 2: Rental Services (SAC Codes)

For rental services, the GST rate is 18% under SAC code 997326, which covers leasing or rental services concerning textiles, clothing, and footwear. This includes rental services for human hair wigs.

When creating rent invoices using tools like rentinvoice.in or rentsoftware.in, make sure to include the SAC code 997326 and the GST rate of 18%.

In addition to understanding the GST rates, it's also essential to create professional rent invoices using tools like billformat.in or recurringinvoice.in to ensure timely payments and avoid disputes.

As a business owner, it's crucial to stay up-to-date with the latest GST rates and billing rules to avoid any potential penalties or fines. Consult with your Chartered Accountant to ensure your tax liabilities are accurate and in compliance with the latest regulations.


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