February 25, 2023


The world of business is constantly evolving, and staying on top of the latest regulations and requirements can be a daunting task for small and medium business owners. One aspect of business operations that can be particularly challenging is managing the various taxes that must be paid, including the Goods and Services Tax (GST) in India.

One specific area of concern for businesses that deal with clasps is understanding the applicable GST rates and HSN code for these items. In this article, we will explore the details of this topic, including what clasps are, how they are classified under the GST system, and what rates and codes apply.

What are Clasps?

Clasps are a type of fastener that are used to secure two or more objects together. They can be made from a variety of materials, such as metal, plastic, or even fabric, and are commonly used in a range of products, including jewelry, clothing, and bags.

How are Clasps Classified under GST?

Under the GST system in India, clasps are classified under the Harmonized System of Nomenclature (HSN) code 8308, which is described as "Clasps, frames with clasps, buckles, buckle-clasps, hooks, eyes, eyelets and the like, of base metal; tubular or bifurcated rivets, of base metal; beads and spangles, of base metal."

This classification is important because it determines the applicable GST rate for clasps and related items.

GST Rates for Clasps

As of this writing, the GST rates for clasps and related items are as follows:

1. 18% for clasps made of base metal

2. 5% for clasps made of precious metals such as gold or silver

It is important to note that these rates are subject to change, and businesses should stay up-to-date with the latest GST regulations to ensure compliance and avoid penalties.

HSN Code for Clasps

As mentioned earlier, the HSN code for clasps is 8308. This code is used to identify the specific product or service being taxed under the GST system.

When a business files its GST returns, it must include the relevant HSN code for each product or service being sold. This helps the government to track and monitor the flow of goods and services and ensure compliance with tax regulations.


Understanding the GST rates and HSN code for clasps is an important aspect of managing a business that deals with these items. By staying up-to-date with the latest regulations and requirements, business owners can avoid penalties and ensure compliance with the GST system in India.


GST Rates HSN Code 1108 : Starches Inulin
Trade license- objectives, eligibility and documents
GST Practitioner: Section 48 of CGST Act, 2017