Seats are an essential part of any furniture item. They are not just places to sit, but they also add to the aesthetic appeal of a room. The Goods and Services Tax (GST) rates for seats and their corresponding Harmonized System of Nomenclature (HSN) codes are crucial to know for small and medium business owners and startup founders in India. In this article, we will look at the GST rates and HSN code for seats in detail.
Seats fall under the category of furniture, and the GST rates for furniture items are 18%. Therefore, the GST rate for seats is also 18%. GST is a consumption-based tax, which means it is only applicable to the final consumer. As a business owner, you can claim input tax credit on the GST paid on seats used for business purposes.
HSN codes are unique codes assigned to each item for easy identification and classification. The HSN code for seats is 9401. Seats can be further classified based on the material used, such as plastic seats, wooden seats, or metal seats.
The HSN code for plastic seats is 9401 80. This code includes all types of plastic seats, such as chairs, sofas, and other seating furniture items. The HSN code for wooden seats is 9401 61. This code includes all types of wooden seats, such as chairs, benches, and stools. The HSN code for metal seats is 9401 90. This code includes all types of metal seats, such as chairs and stools.
Knowing the GST rates and HSN code for seats is essential for business owners and startup founders who deal with furniture items. The GST rate for seats is 18%, and the HSN code for seats is 9401. Understanding the HSN codes for different types of seats can help in easy classification and identification of these items. As a business owner, you can also claim input tax credit on the GST paid on seats used for business purposes.
Synthetic Monofilament - GST Rates HSN CODE 5404
Income Tax for Non-Resident Indian
Railway Goods Vans - GST Rates & HSN Code 8606
