If you are a business owner dealing with musical instruments, parts, and accessories, then it is important to understand the GST rate and HSN code for these items. Chapter 92 of the GST tariff deals with musical instruments, their parts, and accessories. In this article, we will provide you with a detailed understanding of the GST rates and HSN codes for these items.
HSN code stands for Harmonized System of Nomenclature. It is a systematic classification of goods that is internationally accepted. The HSN code for musical instruments, parts, and accessories falls under Chapter 92 of the GST tariff. The HSN code for different musical instruments, parts, and accessories varies based on the type of instrument and the specific part or accessory.
The GST rate for musical instruments, parts, and accessories varies based on the type of instrument and the specific part or accessory. Let's have a look at the GST rates for different musical instruments, parts, and accessories.
The GST rate for musical instruments such as pianos, organs, accordions, and other keyboard instruments is 28%.
The GST rate for parts and accessories of musical instruments such as strings, reeds, drumsticks, and other parts is 18%.
The GST rate for electronic musical instruments such as synthesizers, electronic keyboards, and other electronic instruments is 18%.
The GST rate for parts and accessories of electronic musical instruments such as amplifiers, speakers, and other parts is 18%.
The GST rate for musical instrument tuning and repair services is 18%.
As a business owner dealing with musical instruments, parts, and accessories, it is important to understand the GST rate and HSN code for these items. The HSN code for different musical instruments, parts, and accessories varies based on the type of instrument and the specific part or accessory. The GST rate for these items also varies based on the type of instrument and the specific part or accessory. Understanding these rates and codes will help you in proper invoicing and taxation. We hope this article has provided you with a detailed understanding of the GST rates and HSN codes for musical instruments, parts, and accessories.
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