Table of Contents
How much GST is in an electronic item?
The rate for each household electronic appliance like the fridge, washing machine, vacuum cleaner etc is fixed at the rate of 28\% under GST.
How much GST is on a music system?
HSN Code 1511
| HS Code | Description | GST\% |
|---|---|---|
| 15119090 | OTHR PARTS AND ACCESSORIES OF HDNG 8519-8521 Products Include: Music Cd, Dvr, Electronic Item, Home Theater System | 5\% |
What is the HSN code for Speaker?
HSN Code 8518
| HS Code | Description | GST\% |
|---|---|---|
| 851821 | Single loudspeakers, mounted in their enclosures ,Products include: Portable Speaker | 18\% |
| 85182100 | SINGLE LOUDSPEKERS,MOUNTD IN THR ENCLSRS ,Products include: Portable Speaker | 18\% |
What is GST rate on sofa set?
12\%
The final goods produced by the manufacturer of wooden furniture will be taxed at the rate of 12\% under GST instead of the current average VAT rate of 12.5\%. Plywood is used mainly in the manufacture of most of the wooden furniture articles.
How much is GST on a guitar?
GST Rate & HSN Code for Musical Instruments
| HSN Code | HSN Item Description | GST Rate in Percentage |
|---|---|---|
| 9201 90 00 | Other | 28 |
| 9202 | OTHER STRING MUSICAL INSTRUMENTS (FOR EXAMPLE, GUITARS, VIOLINS, HARPS) | |
| 9202 10 00 | Played with a bow | 28 |
| 9202 90 00 | Other | 28 |
How much GST is on a cell phone?
18\%
The rate of GST on mobile phones and accessories were increased to 18\% from 12\% with effect from 1st April 2020 at the 39th GST Council meeting. This has increased the prices of mobile phones.
What is the GST on multimedia speakers in India?
The actual GST of multimedia speaker is based on the classification of the product based on its HSN. The product’s HSN already clarified as 8518 22 00 by the CESTAT Bangalore as per order NO. 20139&20141 on Feb 2016. As per the CBEC tariff, product coming under HSN 8518 22 00 will attract GST 18\%.
How to search GST tax rate for all products?
You can search GST tax rate for all products in this search box. You have to only type name or few words or products and our server will search details for you. Tax rates are sourced from GST website and are updated from time to time. Note: You are adviced to double check rates with GST rate book.
What is the difference between GST and service tax?
The rate of Service Tax was 15\% whereas the rate of GST is 18\%. A lot of people are of the opinion that the effective cost of having a loan would increase as the rate of GST is 3\% higher than the rate of Service Tax. Several people are of the opinion that their EMI’s would increase as the rate has been increased by 3\%.
What is the rate of GST in India?
The GST rate in India for various goods and services is divided under 4 slabs; these are 5\% GST, 12\% GST, 18\% GST, and 28\% GST. What is the GST exemption for 2020?