If you are a business dealing with hair oil in India, it is important to understand the GST rate applicable to your product.
The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India.
The GST rate for hair oil in India depends on its classification and other factors.
Let’s understand the latest GST Rate for Hair oil.
Classification of Hair Oil for GST
Hair oil falls under the category of essential commodities in India.
It is classified under Chapter 33 of the GST Tariff Act, 2017.
The GST rate for hair oil in India varies based on the composition of the product.
One can find the GST Rates on different products using HSN Codes or HS Code.
GST Rates for Different Types of Hair Oils
Coconut Oil: Coconut oil is the most common hair oil . It is classified under HS Code 1513 and attracts a GST rate of 5%.
Herbal Hair Oil: Herbal hair oil is made from natural ingredients and is classified under HS Code 3305. It attracts a GST rate of 18%.
Ayurvedic Hair Oil: Ayurvedic hair oil is made from ayurvedic herbs and is classified under HS Code 3304. It attracts a GST rate of 12%.
Perfumed Hair Oil: Perfumed hair oil is classified under HS Code 3307 and attracts a GST rate of 18%.
Other Hair Oils: Other hair oils, including medicated hair oil, are classified under HS Code 3307 and attract a GST rate of 18%.
In conclusion, the GST rate for hair oil in India depends on the classification and composition of the product.
Businesses dealing with hair oil must be aware of the GST rates applicable to their product to avoid any compliance issues.
The GST rates for hair oil are subject to change as per the government’s notification, and businesses must stay updated with the latest changes to avoid any penalties or legal issues.
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