GST Rate HSN Code for Toys, games and sports requisites; parts and accessories thereof - Chapter 95

Toys, games and sports requisites; parts and accessories thereof are classified under Chapter 95 of the GST rate schedule. In this article, we will discuss the HSN code and GST rates applicable to toys, games and sports requisites, parts and accessories thereof.

HSN Code for Toys, Games and Sports Requisites

The HSN code for toys, games and sports requisites, parts and accessories thereof is 9503. This HSN code covers a wide range of products, including toys for children, board games, sports equipment, and accessories for these products.

GST Rate for Toys, Games and Sports Requisites

The GST rate for toys, games and sports requisites, parts and accessories thereof is 12%. This is the standard GST rate applicable to most products in India.However, some specific products in this category have a different GST rate. For example, the GST rate for tricycles, scooters and pedal cars is 28%. The GST rate for playing cards, chess board and carom board is 18%. The GST rate for video games consoles and machines is 18%.HSN Code and GST Rate for Parts and Accessories of Toys, Games and Sports Requisites. The HSN code and GST rate for parts and accessories of toys, games and sports requisites depend on the specific product.

For example, the HSN code for rubber balloons is 9503 90 90 and the GST rate is 18%. The HSN code for footballs and volleyballs is 9506 62 and the GST rate is 12%.It is important to note that the GST rate and HSN code for toys, games and sports requisites, parts and accessories thereof may change from time to time. Therefore, it is always a good idea to stay updated with the latest GST rate and HSN code for your products.

Conclusion

Toys, games and sports requisites, parts and accessories thereof are classified under Chapter 95 of the GST rate schedule. The HSN code for these products is 9503, and the GST rate is 12%, except for specific products which have a different GST rate. It is important to stay updated with the latest GST rate and HSN code for your products to avoid any issues with compliance.