Stoves and ranges are essential equipment in any kitchen, be it a residential or commercial kitchen. The Goods and Services Tax (GST) council of India has categorized stoves, ranges, and ovens under HSN code 7321. Let us take a closer look at the GST rates and HSN code for stoves and ranges.
Stoves, ranges, and ovens fall under the category of 'Furnace burners for liquid fuel, for pulverized solid fuel or for gas; mechanical stokers, including their mechanical grates, mechanical ash dischargers and similar appliances' and are classified under HSN 7321. The GST rates for stoves and ranges are as follows:
1. 18% GST for stoves and ranges using gas as fuel.
2. 5% GST for stoves and ranges using any other fuel except gas.
It is important to note that the GST rates are applicable on the transaction value of the product, including installation charges, if any.
As mentioned earlier, stoves, ranges, and ovens are classified under HSN code 7321. The HSN code is a system of classifying goods and services for taxation purposes. The HSN code for stoves and ranges is further subdivided into the following:
1. 7321 11 - For stoves, ranges, grates, cookers (including those with subsidiary boilers for central heating), barbecues, braziers, gas-rings, plate warmers and similar non-electric domestic appliances and parts thereof, of iron or steel.
2. 7321 12 - For stoves, ranges, grates, cookers (including those with subsidiary boilers for central heating), barbecues, braziers, gas-rings, plate warmers and similar non-electric domestic appliances and parts thereof, of cast iron or cast steel.
3. 7321 13 - For stoves, ranges, grates, cookers (including those with subsidiary boilers for central heating), barbecues, braziers, gas-rings, plate warmers and similar non-electric domestic appliances and parts thereof, of stainless steel.
4. 7321 19 - For other stoves, ranges, grates, cookers (including those with subsidiary boilers for central heating), barbecues, braziers, gas-rings, plate warmers and similar non-electric domestic appliances and parts thereof.
The above classification ensures that the same HSN code is used for the same products across different businesses, making it easier for the government to levy taxes and maintain records.
Stoves and ranges are an essential part of any kitchen, and it is important to know the GST rates and HSN code applicable to them while buying or selling them. The GST rates for stoves and ranges depend on the fuel used, while the HSN code for stoves and ranges is classified under HSN code 7321. Keeping these things in mind can help small and medium business owners and startup founders in maintaining proper records and avoiding any tax-related disputes.
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