TRAVEL SETS - GST RATES HSN CODE 9605

Travel sets are essential items for people who are always on the go. They come in different types, including luggage sets, toiletry bags, and travel kits. As small and medium business owners and startup founders in India, understanding the GST rates and HSN code for travel sets is crucial. This article will provide a comprehensive guide on the GST rates and HSN code for travel sets.

What is GST?

GST stands for Goods and Services Tax, which is a comprehensive tax levied on the production, sale, and consumption of goods and services in India. GST is a value-added tax, which means that tax is charged on the value added at each stage of the supply chain. GST has replaced several indirect taxes, including excise duty, service tax, and value-added tax.

What is HSN Code?

HSN stands for Harmonized System of Nomenclature, which is a multi-tiered system that classifies goods in a systematic and logical manner. The HSN code is a six-digit code that is used to identify goods and services for taxation purposes.

GST Rates and HSN Codes for Travel Sets

The GST rate for travel sets is 18%. The HSN code for travel sets is 9605, which includes luggage, handbags, briefcases, school bags, travel bags, and other similar items. The HSN code for toiletry bags is 4202.

Types of Travel Sets

Luggage Sets

Luggage sets are a combination of suitcases, carry-on bags, and other types of bags that are designed for travel. They are available in different sizes and materials, including hard-shell, soft-shell, and hybrid luggage sets.

Toiletry Bags

Toiletry bags are used to store and organize personal care items such as toothbrushes, razors, and cosmetics. They are available in different sizes and materials, including leather, canvas, and nylon.

Travel Kits

Travel kits are a combination of travel-size toiletries such as shampoo, conditioner, and body wash. They are designed for convenience and ease of use during travel.

Conclusion

Understanding the GST rates and HSN code for travel sets is crucial for small and medium business owners and startup founders in India. The GST rate for travel sets is 18%, and the HSN code for travel sets is 9605. By knowing the relevant HSN codes, business owners can accurately calculate and pay their GST liabilities.