21 April 2023
Dear Experts, For the product of coconut fiber and the HSN code 5305 is taxable goods or nil rated goods? while am searching the GST website and CBIC website, it shows as nil rated goods. but the GST officials said it is taxable goods, so you have to pay the tax.
In this matter what i do? please clarify about my query.
22 April 2023
Sir, although I don't have that much knowledge about this product. But I have gone through various central tax rate notifications searching this product (Coconut Fibre). One item in Entry No.132 in Notification No.2/2017 Central Tax Rate having HSN 5305 - Coconut, coir fibre found. If your product is same, then it is exempt supply under CGST Act, 2017. You can show this notification to any GST official.