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Published on:
February 25, 2023
By
Prerna

Understanding GST Rates and HSN Code for Parts For Apparatus Of Headings 8519 Or 8521

If you are a small or medium business owner or a startup founder, then understanding the GST rates and HSN code for Parts For Apparatus Of Headings 8519 Or 8521 is essential for you. GST (Goods and Services Tax) is a single indirect tax that has replaced all the other indirect taxes in India. Therefore, it is important to comply with the GST regulations to avoid any legal and financial complications.

What Are Parts For Apparatus Of Headings 8519 Or 8521?

Parts For Apparatus Of Headings 8519 Or 8521 refers to the different components or parts that are used in the manufacturing of electrical appliances, such as mobile phones, TV sets, radios, cameras, etc. These parts can be classified under two different headings:

1. Heading 8519 - This heading includes parts and accessories used in the manufacturing of sound recording or reproducing apparatus, such as microphones, speakers, headphones, etc.

2. Heading 8521 - This heading includes parts and accessories used in the manufacturing of video recording or reproducing apparatus, such as camera lenses, video recording tapes, etc.

GST Rate For Parts For Apparatus Of Headings 8519 Or 8521

Parts For Apparatus Of Headings 8519 Or 8521 attract different GST rates based on their nature and usage. The GST rates for different parts are as follows:

1. 5% GST - This rate is applicable to parts used in the manufacturing of hearing aids, pacemakers, and other medical devices.

2. 12% GST - This rate is applicable to parts used in the manufacturing of printers, cameras, and musical instruments.

3. 18% GST - This rate is applicable to parts used in the manufacturing of TV sets, radios, and other electronic devices.

It is important to note that the GST rates are subject to change based on the decisions of the GST Council. Therefore, it is advisable to stay updated with the latest GST rates to avoid any legal and financial complications.

HSN Code For Parts For Apparatus Of Headings 8519 Or 8521

HSN (Harmonized System of Nomenclature) code is a system of classifying goods in a systematic and logical manner. The HSN code for Parts For Apparatus Of Headings 8519 Or 8521 is as follows:

1. 8519 - This HSN code is applicable to parts and accessories used in the manufacturing of sound recording or reproducing apparatus.

2. 8521 - This HSN code is applicable to parts and accessories used in the manufacturing of video recording or reproducing apparatus.

It is important to mention the correct HSN code while filing GST returns to avoid any legal and financial complications.

Conclusion

Understanding the GST rates and HSN code for Parts For Apparatus Of Headings 8519 Or 8521 is essential for small and medium business owners and startup founders. It helps them to comply with the GST regulations and avoid any legal and financial complications. It is advisable to stay updated with the latest GST rates and HSN codes to ensure smooth business operations.

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Updated on:
March 16, 2024