Original Sculptures - GST Rates HSN Code 9703

Original sculptures are a unique and beautiful art form that has been around for centuries. They can be made from a variety of materials, including stone, metal, and wood, and can range in size from small figurines to large statues. When it comes to selling original sculptures in India, it's important to understand the GST rates and HSN code for these products.

GST Rates for Original Sculptures

The GST rate for original sculptures is 12%. This is the same rate that applies to other works of art and antiques, such as paintings, drawings, and engravings. The 12% GST rate is applicable to all types of original sculptures, including those made from stone, metal, and wood.

However, it's important to note that if the original sculpture is sold as part of a set or collection, the applicable GST rate may be different. For example, if a set of original sculptures is sold together, the GST rate may be 18% instead of 12%. This is because sets and collections are considered to be composite supplies, and the GST rate for composite supplies is higher than that for individual items.

HSN Code for Original Sculptures

The HSN code for original sculptures is 9703. This code is used to classify all types of original sculptures, regardless of the material they are made from or their size. It's important to use the correct HSN code when selling original sculptures, as this helps to ensure that the correct GST rate is applied.

The HSN code for original sculptures is further divided into sub-categories based on the material the sculptures are made from. For example, sculptures made from stone fall under HSN code 9703 00 00, while sculptures made from metal fall under HSN code 9703 00 10. It's important to use the correct sub-category when selling original sculptures, as this helps to ensure that the correct GST rate is applied.

Conclusion

Selling original sculptures in India can be a lucrative business, but it's important to understand the GST rates and HSN code for these products. The GST rate for original sculptures is 12%, while the HSN code for original sculptures is 9703. Using the correct HSN code and understanding the applicable GST rate can help to ensure that you are charging the correct amount of tax on your sales, and can help to avoid any issues with the tax authorities.