Monopods Bipods Tripods - GST Rates HSN Code 9620

Monopods, bipods, and tripods are essential accessories for photographers, videographers, and anyone who wants to capture stable and steady shots. These accessories provide a stable platform for your camera or mobile phone, and they help reduce camera shake and blurring.

But if you're a small or medium business owner or startup founder in India, you may be wondering what the Goods and Services Tax (GST) rates and HSN code are for these accessories. In this article, we'll explain everything you need to know about GST and HSN codes for monopods, bipods, and tripods.

GST Rates for Monopods, Bipods, and Tripods

The GST rates for monopods, bipods, and tripods depend on their specific classification. These accessories are classified under heading 96.20 of the GST Tariff, which covers "monopods, bipods, tripods and similar articles."

As per the GST Tariff, the GST rates for monopods, bipods, and tripods are as follows:

18% GST for monopods, bipods, and tripods with no parts or accessories
12% GST for monopods, bipods, and tripods with parts or accessories

So, if you're buying a monopod, bipod, or tripod that comes with additional parts or accessories like a ball head, quick release plate, or carry bag, the GST rate will be 12%.

HSN Code for Monopods, Bipods, and Tripods

HSN codes are a system of classifying goods for taxation purposes. The HSN code for monopods, bipods, and tripods is 9620. This HSN code covers "monopods, bipods, tripods and similar articles."

When you're filling out your GST returns, you'll need to use the HSN code 9620 for any monopods, bipods, or tripods you've sold or purchased.

Conclusion

To summarize, the GST rates for monopods, bipods, and tripods are 18% for accessories with no parts or accessories and 12% for accessories with parts or accessories. The HSN code for these accessories is 9620. Remember to use this code when you're filling out your GST returns.

Whether you're a professional photographer, videographer, or someone who loves capturing moments, monopods, bipods, and tripods can help you take your photography and videography skills to the next level. By understanding the GST rates and HSN code for these accessories, you can make informed buying decisions and ensure that you're in compliance with GST regulations.