Bells and gongs have been used in India for religious, cultural, and musical purposes for centuries. They are considered auspicious and are an essential part of many religious ceremonies. However, when it comes to their classification under GST, it can be confusing for small and medium business owners.
HSN Code 8306 is used for the classification of bells, gongs and the like, non-electric. This HSN code comes under the heading 83, which covers miscellaneous articles of base metal. The GST rate for bells and gongs is 18%.
It is important to note that the GST rate and HSN code for bells and gongs may vary depending on the type, material, and use of the product. For example, if a bell or gong is electrically operated, it will fall under a different HSN code and attract a different GST rate.
Business owners who deal in bells and gongs should ensure that they classify their products correctly under the appropriate HSN code and charge the correct GST rate. This will not only help them avoid any penalties or fines but also ensure that their business operations run smoothly.
It is also important to keep track of any updates or changes in the GST rates and HSN codes for bells and gongs. The government may revise these rates from time to time, and it is the responsibility of business owners to stay updated and comply with the regulations.
In conclusion, the GST rates and HSN code for bells and gongs can be confusing for small and medium business owners. However, by understanding the correct classification and charging the appropriate GST rate, business owners can ensure smooth operations and avoid any penalties or fines.
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