For any business operating in India, it is important to understand the GST rates and HSN code for the products they sell. This knowledge helps the business to remain compliant and avoid any legal issues. In this article, we will discuss the GST rates and HSN code for Calendars, which is an essential product for many businesses.
GST, or Goods and Services Tax, is an indirect tax that was implemented in India in 2017. It replaced several other indirect taxes like VAT, Service Tax, and Central Excise Duty. GST is a value-added tax that is levied on the supply of goods and services.
GST is divided into five tax slabs – 0%, 5%, 12%, 18%, and 28%. The GST rate for a particular product depends on the HSN code of that product.
HSN, or Harmonized System of Nomenclature, is a system of naming and classifying goods that are traded internationally. In India, HSN codes are used to classify goods for taxation purposes. HSN codes are a six-digit code that is used to identify and classify goods for tax purposes.
The HSN code for Calendars is 4910. Calendars come under the category of printed books, newspapers, pictures and other products of the printing industry.
The GST rate for Calendars is 12%. This rate is applicable to all types of calendars, including wall calendars, desk calendars, and pocket calendars.
There are a few exemptions under GST for Calendars. These include:
1. Calendars that are printed with an advertisement for any goods or services are exempted from GST.
2. Calendars that are sold as a part of a package along with other goods are also exempted from GST.
Knowing the GST rates and HSN codes for the products you sell is crucial for any business. In this article, we discussed the GST rates and HSN code for Calendars, which is an important product for many businesses. We hope that this article has helped you understand the GST rates and HSN code for Calendars.
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