GST Rates and HSN Code for Wooden Frames, Paintings, Photographs, and Mirrors

If you are a small or medium business owner or a startup founder who plans to sell wooden frames, paintings, photographs, or mirrors, understanding the GST rates and HSN code associated with them is essential.

The GST (Goods and Services Tax) rates and HSN (Harmonized System of Nomenclature) codes for wooden frames, paintings, photographs, and mirrors are as follows:

1. GST Rates for Wooden Frames: Wooden frames fall under the HSN code 4414 and are taxed at a GST rate of 18%.

2. GST Rates for Paintings: Paintings can be classified into two categories: original paintings and reproductions. Original paintings are considered to be works of art, and therefore, are exempt from GST. Reproductions, on the other hand, fall under the HSN code 9701 and are taxed at a GST rate of 12%.

3. GST Rates for Photographs: Photographs also fall under the HSN code 9701 and are taxed at a GST rate of 12%.

4. GST Rates for Mirrors: Mirrors fall under the HSN code 7009 and are taxed at a GST rate of 18%.

It is important to note that the GST rates and HSN codes may vary depending on the type of item you are selling. Make sure to consult a tax expert or refer to the GST Act for more detailed information.

When it comes to calculating the GST on your products, the formula is as follows:

GST = (Price of Product x GST Rate) / 100For example, if you are selling a wooden frame for Rs. 1000, the GST you will have to pay will be Rs. 180 (1000 x 18 / 100).In conclusion, understanding the GST rates and HSN code associated with wooden frames, paintings, photographs, and mirrors is essential for anyone who plans to sell these items. Make sure to consult a tax expert or refer to the GST Act for more detailed information to avoid any confusion or complications in the future.