BUTTONS PRESS FASTENERS - GST RATES HSN CODE 9606

Buttons and press fasteners have been an essential part of our daily lives. These small accessories can make or break an outfit, and the right button can elevate a garment from average to stylish. In this article, we will discuss the GST rates and HSN code for buttons and press fasteners.

HSN Code for Buttons and Press Fasteners

The HSN (Harmonized System of Nomenclature) code is a system that is used to classify goods for taxation purposes. In India, the HSN code for buttons and press fasteners is 9606. This code is used to identify the product and determine the GST (Goods and Services Tax) rate that applies.

GST Rates for Buttons and Press Fasteners

The GST rates for buttons and press fasteners vary depending on the type of product. Here are the GST rates for some of the most common types of buttons and press fasteners:

Buttons - 18%
Press Fasteners - 12%

It is important to note that these rates may be subject to change. It is recommended that you consult with a tax professional or check the official GST website for the latest information.

Types of Buttons and Press Fasteners

There are many different types of buttons and press fasteners available in the market. Here are some of the most common types of buttons and press fasteners:

Regular Buttons - These are the most common type of buttons. They are available in a variety of sizes, shapes, and materials.
Snap Buttons - These buttons are also known as press studs, poppers, or snap fasteners. They are commonly used in clothing and accessories, such as jackets, bags, and wallets.
Shank Buttons - These buttons have a small loop on the back that allows them to be sewn onto fabric. They are commonly used in jackets, coats, and blazers.
Toggle Buttons - These buttons have a loop on one side and a bar on the other. They are commonly used in coats, jackets, and bags.
Rivet Buttons - These buttons are made up of two parts, a cap and a post. They are commonly used in denim and leather clothing.

Conclusion

Buttons and press fasteners are essential components of clothing and accessories. Understanding the HSN code and GST rates for buttons and press fasteners can help small and medium business owners and startup founders navigate the tax system and ensure compliance with the law.