Telephone Sets - GST Rates & HSN Code 8517

Telephones are one of the most widely used communication devices in the world, and their GST rates and HSN codes are important to know for business owners and startup founders in India. In this article, we will cover everything you need to know about the GST rates and HSN code for telephone sets.

What is GST?

GST, or Goods and Services Tax, is a comprehensive tax levied on the supply of goods and services in India. It is a value-added tax that is levied on the final consumer and is collected by businesses at every stage of the supply chain.

What is HSN?

HSN stands for Harmonized System of Nomenclature. It is a multi-purpose international product nomenclature developed by the World Customs Organization (WCO) for the classification of goods.

What is HSN code for telephone sets?

The HSN code for telephone sets is 8517. This code is used to classify telephone sets and other devices that transmit sound, images or other data.

What is the GST rate for telephone sets?

The GST rate for telephone sets is 18%. This includes telephones for cellular networks or for other wireless networks, cordless telephones, fax machines, answering machines, and other devices for the transmission or reception of voice, images or other data, including parts.

What is the HSN code for telephone parts?

The HSN code for telephone parts is 8517 62 00. This code is used to classify parts of telephone sets, including receivers, transmitters, microphones, speakers, and other components.

What is the GST rate for telephone parts?

The GST rate for telephone parts is 18%. This includes parts for telephones for cellular networks or for other wireless networks, cordless telephones, fax machines, answering machines, and other devices for the transmission or reception of voice, images or other data.

Conclusion

Knowing the GST rates and HSN codes for telephone sets and their parts is important for business owners and startup founders in India. The HSN code for telephone sets is 8517, while the HSN code for telephone parts is 8517 62 00. The GST rate for both telephone sets and their parts is 18%. Understanding these codes and rates can help you avoid any confusion or misunderstandings when it comes to taxes and customs duties.