As a small or medium business owner or startup founder, it's important to understand the GST rates and HSN code for the products you sell. In this article, we'll be discussing the GST rates and HSN code for watch cases, which is an important accessory for watchmakers and retailers alike.
A watch case is the protective covering that houses the watch movement and dial. It is often made of metal or plastic, and can feature a variety of designs and finishes. Watch cases can be sold separately or as part of a complete watch.
Watch cases fall under the 9111 HSN code for "watch cases and parts thereof". The GST rate for watch cases is 18%, which is the same rate as most other watch accessories such as watch straps, batteries, and dials.
It's important to note that the GST rate for watch cases was previously 28%, but was reduced to 18% in January 2018 as part of the GST Council's efforts to simplify the tax structure and reduce the burden on small businesses.
The HSN code for watch cases is 9111, which also includes parts of watch cases such as the crystal, crown, and bezel. This code falls under the "Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof" category.
Watch cases are an important accessory for watchmakers and retailers, and fall under the HSN code 9111. The GST rate for watch cases is 18%, which was reduced from 28% in January 2018. This information is important for small and medium business owners and startup founders to understand in order to properly classify their products and comply with GST regulations.
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