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February 25, 2023
By
Prerna

Unused Postage Revenue Stamps - GST Rates and HSN Code 4907

As a small or medium business owner in India, you need to be aware of the latest GST regulations to stay compliant. One area that can be particularly challenging is understanding the GST rates and HSN code for Unused Postage and Revenue Stamps. In this article, we will provide you with all the information you need to know about this topic.

What are Unused Postage and Revenue Stamps?

Unused Postage and Revenue Stamps are special types of stamps that have not been used for their intended purpose. Unused Postage Stamps are stamps that have not been used to pay for postage, while Revenue Stamps are stamps that have not been used to pay for a tax or fee.

What is the HSN Code for Unused Postage and Revenue Stamps?

The HSN Code for Unused Postage and Revenue Stamps is 4907. This code is used to classify these stamps for tax purposes.

What is the GST Rate for Unused Postage and Revenue Stamps?

The GST Rate for Unused Postage and Revenue Stamps is 18%. This rate applies to all types of Unused Postage and Revenue Stamps, including those that are imported into India.

Conclusion

Understanding the GST Rates and HSN Code for Unused Postage and Revenue Stamps is essential for small and medium business owners in India. By keeping up-to-date with the latest GST regulations, you can avoid costly penalties and ensure that your business remains compliant.

At Swipe, we understand the challenges that small and medium business owners face when it comes to GST compliance. Our cloud-based accounting software is designed to help you automate your GST calculations and filings, so you can focus on growing your business. To learn more about how Swipe can help you stay compliant with GST regulations, visit our website today.

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