Rakhi is an important part of the Indian festive market, but sellers and businesses should understand GST applicability before selling different types of Rakhis. The GST treatment can vary depending on the material, composition, usage and HSN classification of the product.
Traditional Rakhi, such as kalava or Raksha Sutra used as puja samagri, may receive different GST treatment depending on its classification and intended use. On the other hand, gold or silver Rakhi may be treated differently when it qualifies as jewellery or a precious-metal article. Similarly, bamboo and other eco-friendly Rakhis need proper assessment based on their raw material, composition and applicable HSN code.
Correct HSN Classification is essential for determining the applicable GST rate and ensuring accurate invoicing. Businesses selling Rakhis should not assume that every Rakhi has the same GST treatment. Proper product classification can help avoid incorrect tax collection, compliance issues and future disputes.
For Rakhi manufacturers, wholesalers, retailers and online sellers, maintaining proper GST records and issuing accurate invoices is an important part of GST Compliance. Businesses should also review their GST registration and filing requirements based on their turnover and nature of operations.
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