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Published on:
February 25, 2023
By
Pranjal Gupta

Swords - GST Rates  HSN Code 9307

If you are in the business of manufacturing or trading swords, then it is essential to know the GST rates and HSN code for Swords. The implementation of GST in India has brought significant changes to the taxation system, and it is crucial for businesses to adapt to these changes to comply with the law.

GST Rates for Swords

Swords fall under the category of Goods and Services Tax (GST) HSN code 9307. The GST rate for Swords is 18%, which includes 9% Central GST and 9% State GST.

However, it is important to note that the GST rate for Swords may vary depending on the type of sword. For example, ornamental swords may attract a higher GST rate compared to regular swords. Therefore, it is essential to check with a tax expert to determine the appropriate GST rate for your specific type of sword.

HSN Code for Swords

HSN stands for Harmonized System of Nomenclature, which is a system of classifying goods for taxation purposes. Swords fall under the category of HSN code 9307, which includes arms and ammunition. This HSN code is used to determine the GST rate for Swords.

The HSN code for Swords is based on their type, material, and purpose. For example, the HSN code for Swords made of iron or steel may be different from the HSN code for Swords made of precious metals.

Conclusion

Understanding the GST rates and HSN code for Swords is crucial for small and medium business owners and startup founders in India. It is important to comply with the law and avoid any penalties that may arise due to non-compliance.

If you are unsure about the GST rates and HSN code for your Swords, it is recommended to consult with a tax expert who can provide you with the correct information based on your specific type of sword.

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Updated on:
March 16, 2024