Sign plates are a common sight in our day-to-day lives. They are used for various purposes like branding, advertising, directions, and information display. They can be made from different materials like metal, plastic, and wood, and can be of various sizes and shapes.
As a small or medium business owner or a startup founder, it is essential to know the GST rates and HSN code for sign plates. This knowledge can help you in better tax planning and compliance.
In this article, we will discuss the GST rates and HSN code for sign plates in detail.
HSN stands for Harmonized System of Nomenclature, which is a globally recognized system of classification for goods. It is used to classify goods for taxation purposes.
The HSN code for sign plates is 8310. This code includes all types of nameplates, numbers, letters, and other symbols made of any material, except those made of ceramic.
The GST rates for sign plates depend on the material used and the end-use of the product. The following is a list of GST rates for sign plates:
1. Sign plates made of metal - 18%
2. Sign plates made of plastic - 18%
3. Sign plates made of wood - 12%
The above rates are for sign plates that are used for advertising or branding purposes. If the sign plates are used for other purposes like directions or information display, the GST rates will be lower.
Knowing the GST rates and HSN code for sign plates is crucial for small and medium business owners and startup founders. It can help in better tax planning and compliance. The HSN code for sign plates is 8310, and the GST rates depend on the material used and the end-use of the product.
So, make sure you have the correct information about the GST rates and HSN code for sign plates to avoid any tax-related issues in the future.
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