GST Rate On Footware
GST Rate on Footware reduced. Latest revised GST Rate on footware below Rs. 1000 is 5 %. Footware above Rs.1000 is Rs. 18%.This new rate come effective from 27 July 2018 as per Ministry of Finance. Footware item includes Shoes , Chappal , Sandal , Boots, Mojari , oxford shoes , Slipper, Toe Shoes etc. This revised GST provisions given relation to footware industry. Due to his share prices of Listed companies jumped on BSE. In this article we explained GST on Footware price upto Rs.1000/- . And GST On Footware above Rs. 1000/-.
- GST on footwear under ₹ 1000 is 5 %
- GST on footwear Above ₹ 1000 is 18 %
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What is SAC Code For Footware ?
SAC Code For Footwear as below. SAC code for Footwear fall under two categories of the SAC headings. First two digits are same for all, Next two SAC code Signify as major service and last code Signify detailed nature of service. SAC Code For Cleaning Services as below.
| HSN Code | Description | Related Export / Import HSN Code |
| 6401 | Waterproof footwear with outer soles and uppers of rubber or of plastics, the uppers of which are neither fixed to the sole nor assembled by stitching, riveting, nailing, screwing, plugging or similar processes | 64011010, 64011090, 64019210, 64019290, 64019910, 64019990 |
| 6402 | Other footwear with outer soles and uppers of rubber or plastics | 64021210, 64021290, 64021910, 64021990, 64022010, 64022090, 64029110, 64029190, 64029910, 64029990 |
| 6403 | Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather | 64031200, 64031910, 64031920, 64031990, 64032011, 64032012, 64032013, 64032019, 64032021, 64032022, 64032023, 64032029, 64032030, 64032040, 64032090, 64034000, 64035111, 64035112, 64035113, 64035119, 64035190, 64035910, 64035920, 64035930, 64035990, 64039110, 64039120, 64039190, 64039910, 64039920, 64039990 |
| 6404 | Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of textile materials | 64041110, 64041120, 64041190, 64041910, 64041920, 64041990, 64042000 |
| 6405 | Other footwear | 64051000, 64052000, 64059000 |
| 6406 | Parts of footwear (including uppers whether or not attached to soles other than outer soles); removable in-soles, heel cushions and similar articles; gaiters, leggings and similar articles, and parts thereof | 64061010, 64061020, 64061030, 64061040, 64061090, 64062000, 64069010, 64069020, 64069030, 64069040, 64069090 |
| 64 | Footwear having a retail sale price not exceeding (Rs.500 1000 substituted on 27/07/2018) per pair, provided that such retail sale price is indelibly marked or embossed on the footwear itself. |
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GST Registration for Footwear
Section 22 to 25 specifies the persons who are liable to obtain GST Registration.
Every person who is engaged in supply of Footwear services will be liable to be registered under the GST if
- Aggregate Turnover in a financial year of taxable supply of [highlight background=”” color=””]goods or services exceeds Rs. 20 Lac or (Turnover > 20 Lac) [/highlight]
- Aggregate Turnover in a financial year of taxable supply of goods or services exceeds Rs. 10 Lac if person is located at North Eastern area ( Manipur , Arunachal Pradesh , Nagaland , Meghalaya , Assam , Tripura & Mizoram , Sikkim , Jammu & Kashmir , HimachalPradesh & Uttarakhand ) ( Turnover > 10 Lac )
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GST Return filing for Footwear ?
- GSTR 3 B Each Month by 20 th of next month.
- GST registration holder would have to file GSTR-1 ( based on turnover its monthly or quarterly )
- Finally, annual GST return must be filed by all GST registered entities on/before the 31st of December.
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Conditions to Claim GST ITC Credit
- Recipient has valid tax invoice / Debit Note / Bill of Entry
- Goods or Services are received
- Taxes are paid to Govt. ( From Supplier side )
- GST Return is filed
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When GST become Payable for Footwear ?
Earliest of the following date shall be considered as time of supply for Footwear .
- When invoice is issued
- When invoice is not issued in 30 days from date of supply of service
- Date of receipt of services in books of account of service recipient
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[fancy_link title="Read GST Return Filing For Footwear " link="https://anbca.com/gst-audit/gst-return-filing/" target="_blank" style="2" class="" download=""][divider height="30" style="default" line="default" themecolor="1"]
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