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February 25, 2023
By
Harshini

ORIGINAL ENGRAVINGS - GST RATES  HSN CODE 9702

Original engravings are a popular form of art that has been around for centuries. These engravings are created by carving or cutting a design into a hard surface, such as metal or wood. They are then inked and pressed onto paper or other materials to create a print.

If you are a small or medium-sized business owner or a startup founder who deals with original engravings, you need to know the GST rates and HSN code for this product. In this article, we will discuss everything you need to know about the GST rates and HSN code for original engravings.GST Rates for Original Engravings:The GST rates for original engravings are 12%. This rate is applicable to all original engravings, regardless of the material they are made of. The GST rate for original engravings has remained unchanged since the introduction of GST in India.

HSN Code for Original Engravings:

The HSN code for original engravings is 9702. This code is used to identify original engravings for the purpose of tax classification. The HSN code for original engravings falls under the category of "works of art, collectors' pieces, and antiques."It is important to note that the HSN code for original engravings is different from the HSN code for prints. The HSN code for prints is 4911, which falls under the category of "printed books, newspapers, pictures, and other products of the printing industry."

How to Determine the GST Rates and HSN Code for Your Original Engravings:

To determine the GST rates and HSN code for your original engravings, you need to consider the material they are made of. If your original engravings are made of metal or wood, they will fall under the HSN code 9702 and will be taxed at a rate of 12%.

However, if your original engravings are made of a different material, such as plastic or glass, they may fall under a different HSN code and may be taxed at a different rate. It is important to consult with a tax expert to determine the correct GST rates and HSN code for your specific product.

Conclusion:

In conclusion, original engravings are a beautiful form of art that adds value to any collection. As a small or medium-sized business owner or a startup founder who deals with original engravings, it is important to understand the GST rates and HSN code for this product. By doing so, you can ensure that you are paying the correct taxes and avoiding any penalties or legal issues.

This article discusses the GST rates and HSN code for original engravings. It explains that the GST rate for original engravings is 12% and the HSN code for original engravings is 9702. The article also provides information on how to determine the correct GST rates and HSN code for your original engravings.TaxationGST

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