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When buying any wooden furniture, you need to consider multiple factors, including the design, the cost, as well as the GST rate for the piece you are planning to buy. The final cost of any wooden furniture is decided according to the raw material cost and how these materials are taxed, as that will determine the final rate of GST. So, here is the latest list of GST rates on wooden furniture in India.
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Items with tax exemption or minimal tax • Firewood or wood charcoal is not taxable. • Wood chips, sawdust, and wood waste are taxable at 5% under GST.
Items under 12% GST • Drums, wooden boxes, crates, and wood for making a walking stick, umbrella and tool handles, etc. are taxed at 12%. • Wood, bamboo pulp, particleboards like Glass-fibre Reinforced Gypsum Board, Cement Bonded Particle Board, Bagasse Board, etc. are taxed at 12%. • GST rates of wooden kitchenware or tableware (except ones @28%) are taxed at 12%.
Items under 18% GST • Residual lye from wood pulp manufacturing and residue which has been treated chemically is taxed at 18%. • Wood tar, wood tar oils, wood naphtha, vegetable, and brewers pitch, preparations based on resin acids, wood creosote are taxable at 18%.
Items Under 28% Tax • Plywood, fibre wood, laminated wood, and other materials like wood are taxed at 28%. • Cane furniture, wooden frames, cellular wood panels, shingles, assembled flooring panels, and shakes are taxed similarly. • Wood paving blocks, articles of densified wood, tableware, and kitchenware also fall under the same bracket. • HSN codes are item classification numbers that start from 44 on wooden furniture.
Always check any wooden furniture’s HSN codes and latest GST rates before making a purchase.
Thanks! Would Love to hear from you. Woodsala Hasti Colony, Jhalamand, Jodhpur, Rajasthan Tel : +918587918978 Email : Sales@woodsala.com Website : https://woodsala.com/ Know More : Wooden Furniture GST Rate 2022 - All You Need to Know
