BALL POINT PENS - GST RATES HSN CODE 9608

Ball point pens are one of the most popular writing instruments used all over the world. This writing tool is popular among students, professionals, and anyone who needs to jot down notes or write something quickly. If you're a business owner or a startup founder, it's important to know the GST rates and HSN code for ball point pens, as it can have an impact on your business. In this article, we'll provide you with all the information you need to know about the GST rates and HSN code for ball point pens.

What are ball point pens?

Ball point pens are pens that use a ball point to dispense ink onto paper. The ball is usually made of brass, steel, or tungsten carbide, and is held in a socket. As the pen is moved across paper, the ball rotates, picking up ink from a reservoir and leaving it on the paper.

GST rates for ball point pens

Under the Goods and Services Tax (GST) regime, ball point pens are classified under chapter 96 of the Harmonized System of Nomenclature (HSN) code. The GST rate for ball point pens is 12%.

HSN code for ball point pens

The HSN code for ball point pens is 9608. This code is used to classify all types of ball point pens, including those with replaceable cartridges, refillable ball point pens, and non-refillable ball point pens. The HSN code is used by businesses to determine the GST rate applicable to their products and services.

Impact of GST rates and HSN code on businesses

As a business owner or a startup founder, it's important to know the GST rates and HSN code for your products and services. The GST rate and HSN code can have an impact on your business in several ways:

Tax liability: The GST rate determines the amount of tax you have to pay on your products. If you don't apply the correct GST rate, you may end up paying more taxes than you need to.
Compliance: Knowing the correct HSN code for your products is important for compliance with the GST rules and regulations.
Competitiveness: Understanding the GST rates and HSN code for your products can help you price your products competitively in the market.

Conclusion

Ball point pens are an essential writing tool used by millions of people every day. As a business owner or a startup founder, it's important to know the GST rates and HSN code for your products, including ball point pens. The GST rate for ball point pens is 12%, and the HSN code for ball point pens is 9608. By understanding the impact of GST rates and HSN code on your business, you can ensure compliance with GST rules and regulations, manage your tax liability, and price your products competitively in the market.