GST Rates and HSN Code for Artists, Students or Signboard Painters Colours

Goods and Services Tax (GST) is a value-added tax that is levied on the supply of goods and services in India. GST has replaced all indirect taxes that were earlier charged on goods and services such as excise duty, VAT, and service tax. GST is applicable on all goods and services supplied within the country, including artists, students or signboard painters colours. In this article, we will discuss the GST rates and HSN code for artists, students or signboard painters colours in detail.

GST Rates for Artists, Students or Signboard Painters Colours

Artists, students or signboard painters colours come under the category of paints, varnishes, and enamels. The GST rate for paints, varnishes, and enamels is 28%. Therefore, artists, students or signboard painters colours attract a GST rate of 28%.

However, there are certain exceptions to this rule. If the annual turnover of an artist or a signboard painter is less than Rs. 20 lakhs, then they are exempted from paying GST. Similarly, if the annual turnover of a student selling their own artwork is less than Rs. 20 lakhs, then they are also exempted from paying GST.

HSN Code for Artists, Students or Signboard Painters Colours

HSN stands for Harmonized System of Nomenclature. It is an internationally accepted classification system for goods. HSN code for a particular product helps in identifying the product and determining the GST rate applicable to it. The HSN code for artists, students or signboard painters colours is 3213.

It is important to note that the HSN code for artists, students or signboard painters colours is different from the HSN code for other types of paints, varnishes, and enamels. For example, the HSN code for oil paints is 3209, while the HSN code for water-based paints is 3208.

Conclusion

Artists, students or signboard painters colours come under the category of paints, varnishes, and enamels, and attract a GST rate of 28%. However, an exemption is available for those with an annual turnover of less than Rs. 20 lakhs. The HSN code for artists, students or signboard painters colours is 3213. It is important to use the correct HSN code while filing GST returns to avoid any penalties or legal issues.