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Published on:
February 25, 2023
By
Harshini

Parts Trimmings Accessories - GST Rates  HSN Code 6603

As a small or medium business owner in India, understanding GST rates and HSN codes is necessary for the smooth running of your business. In this article, we will be discussing Parts, Trimmings, and Accessories and their corresponding GST rates and HSN codes.

What are Parts, Trimmings, and Accessories?

Parts, Trimmings, and Accessories are items that are used to complement or enhance the functions of a particular product. These items may include tools, spare parts, or any other necessary item that is required to support a product's use.

GST Rates for Parts, Trimmings, and Accessories

Parts, Trimmings, and Accessories are generally taxed at a 12% GST rate. This rate is applicable to all parts and accessories that are used to complement or enhance the functions of a particular product.

However, certain Parts, Trimmings, and Accessories may be taxed at a different rate based on their specific use. For example, spare parts that are used for the maintenance and repair of a product are taxed at an 18% GST rate.

Furthermore, certain items that are classified as Parts, Trimmings, and Accessories may be exempted from GST. For example, medical consumables such as bandages, syringes, and surgical gloves are exempted from GST.

HSN Codes for Parts, Trimmings, and Accessories

HSN codes are a system of classification for goods and services that are used for GST invoicing. Parts, Trimmings, and Accessories are classified under HSN code 6603.

This code includes all parts, trimmings, and accessories that are used to complement or enhance the functions of a particular product. It is important to note that different parts and accessories may have different HSN codes based on their specific use.

Conclusion

As a small or medium business owner, understanding the GST rates and HSN codes for Parts, Trimmings, and Accessories is essential for the smooth running of your business. It is important to ensure that you are charging the appropriate GST rate and including the correct HSN code on your invoices to avoid any penalties or fines.

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Updated on:
March 16, 2024