String musical instruments are an important part of Indian culture and tradition. They are used in various occasions and events, like weddings, religious ceremonies, and cultural festivals. Therefore, it is essential to know about the GST rates and HSN code for these instruments. According to the GST law, string musical instruments fall under the category of musical instruments, and they have a GST rate of 18%. The HSN code for string musical instruments is 9202.The GST rate of 18% is a standard rate that applies to most musical instruments, including string instruments. This rate is applicable to both electric and acoustic string instruments, such as guitars, violins, cellos, mandolins, and sitars. However, it is important to note that the GST rate may vary for certain string instruments, depending on their value and the material used to make them. For instance, high-end string instruments made of exotic woods may have a higher GST rate than a standard acoustic guitar.
which is 9202, is a unique code that is used to identify these instruments for GST purposes. The code is used by businesses to file their GST returns and claim input tax credit on their purchases of these instruments. String instruments are an integral part of Indian classical music, and many musicians and artists rely on them for their livelihood. Therefore, it is crucial for business owners and startup founders in the musical instrument industry to be aware of the GST rates and HSN code for these instruments.
In conclusion, the GST rate for string musical instruments is 18%, and the HSN code for these instruments is 9202. Business owners and startup founders in the musical instrument industry should keep these rates and codes in mind, as they play a crucial role in their business operations.
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