GST Rates and HSN Code for Nails, Tacks, and Drawing Pins

Nails, tacks, and drawing pins are essential items in any office or household. They are used to pin up notices, posters, and other items on bulletin boards or walls. In this article, we will discuss the GST rates and HSN code for nails, tacks, and drawing pins.

GST Rates for Nails, Tacks, and Drawing Pins

The GST rates for nails, tacks, and drawing pins vary according to the type of product and its usage. The GST rates for these items are as follows:

1. 18% GST for nails and tacks used in furniture and fixtures

2. 12% GST for nails and tacks used in construction

3. 18% GST for drawing pins and other types of pins

It is important to note that the GST rate on nails, tacks, and drawing pins is subject to change based on the latest updates from the government. Therefore, it is recommended to stay up-to-date with the latest changes in the GST rates.

HSN Code for Nails, Tacks, and Drawing Pins

The HSN code for nails, tacks, and drawing pins is 7317. The HSN code is a six-digit code that is used to classify goods and services for taxation purposes. It is important to use the correct HSN code when filing GST returns to avoid any penalties.

Under the HSN code 7317, nails, tacks, and drawing pins fall into the following categories:

1. 7317.00 - Nails, tacks, and drawing pins made of iron or steel

2. 7317.00 - Nails, tacks, and drawing pins made of copper or brass

3. 7317.00 - Nails, tacks, and drawing pins made of other materials

It is important to note that the HSN code for nails, tacks, and drawing pins may change based on the type of material used or the product's specific usage. Therefore, it is recommended to double-check the HSN code before filing GST returns.

Conclusion

Nails, tacks, and drawing pins are essential items that are used in offices and households. It is important to be aware of their GST rates and HSN code when filing GST returns. The GST rates for these items vary according to the type of product and its usage. The HSN code for nails, tacks, and drawing pins is 7317. By using the correct GST rates and HSN code, you can avoid any penalties and ensure that your business operations run smoothly.