57032020
CARPETS AND OTHER TEXTILE FLOOR COVERINGS, TUFTED, WHETHER OR NOT MADE UP - OF NYLON OR OTHER POLYAMIDES : 100% POLYAMIDE TUFTED VELOUR, CUT PILE OR LOOP PILE CARPET MATS WITH JUTE, RUBBER LATEX OR PU FOAM BACKING
Tax Calculator for 57032020
E-Way Bill Rules
For carpets and other textile floor coverings, tufted, whether or not made up - of nylon or other polyamides : 100% polyamide tufted velour, cut pile or loop pile carpet mats with jute, rubber latex or pu foam backing, the E-Way Bill threshold is ₹50,000. Since the rate is 12%, you must generate a bill if the Taxable Value exceeds ₹44,642.
Example Calculation
- Base Value: ₹44,642
- + GST (12%): ₹5,357.04
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Can I claim ITC?
Yes, if used for business. This reduces your final cash liability.
Input Tax Credit (ITC) Logic
Compliance & Validation
HSN 57032020 falls under Chapter 57. It is mandatory to mention this code on invoices if your annual turnover exceeds ₹5 Crore. For turnover below ₹5 Crore, mentioning the 4-digit code (5703) is sufficient for B2B invoices.
Ensure that you charge 6% CGST and 6% SGST for intra-state supplies of carpets and other textile floor coverings, tufted, whether or not made up - of nylon or other polyamides : 100% polyamide tufted velour, cut pile or loop pile carpet mats with jute, rubber latex or pu foam backing. For inter-state supplies, the full 12% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 57032020?
The GST rate for HSN Code 57032020 (CARPETS AND OTHER TEXTILE FLOOR COVERINGS, TUFTED, WHETHER OR NOT MADE UP - OF NYLON OR OTHER POLYAMIDES : 100% POLYAMIDE TUFTED VELOUR, CUT PILE OR LOOP PILE CARPET MATS WITH JUTE, RUBBER LATEX OR PU FOAM BACKING) is 12%.
Q: Is HSN 57032020 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'eligible'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for CARPETS AND OTHER TEXTILE FLOOR COVERINGS, TUFTED, WHETHER OR NOT MADE UP - OF NYLON OR OTHER POLYAMIDES : 100% POLYAMIDE TUFTED VELOUR, CUT PILE OR LOOP PILE CARPET MATS WITH JUTE, RUBBER LATEX OR PU FOAM BACKING?
Multiply the taxable value by 0.12. For ₹1000 value, GST is ₹120.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.