Microphones are essential devices that help in recording sounds, speeches, and music. They are commonly used in various industries, including music, broadcasting, and film production. Therefore, it's crucial to understand the GST rates and HSN code for microphones. In this article, we will discuss everything you need to know about microphones' GST rates and HSN code.
GST stands for Goods and Services Tax. It is an indirect tax levied on the supply of goods and services in India. It replaced all the indirect taxes that were previously levied by the Central and State Governments.
HSN stands for Harmonized System of Nomenclature. It is a six-digit code that is used to classify goods and services in India. The HSN code is used to determine the GST rate applicable to a particular product or service.
The HSN code for microphones is 8518. The GST rate applicable to microphones is 18%.
Now that you understand the GST rates and HSN code for microphones, you can make informed decisions about your purchases. Keep in mind that the GST rates and HSN codes may change from time to time. Therefore, it's essential to stay updated with the latest changes.
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