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GST HSN Code with Rate For all category of Goods

GST HSN Code with Rate For all category of Goods

GST HSN Code with Rate

GST HSN Code with Rate : GST council has made the much-awaited announcements around tax rates on various categories of goods on day one of a two-day meeting of the said council at Srinagar. There has been a hype around these rates for a while and now these rates are finally in the public domain.

HSN stands for Harmonized System of Nomenclature which is internationally accepted product coding system used to maintain uniformity in classification of goods. AND SAC stands for Service Accounting Codes which are adopted by the Central Board of Excise and Customs (CBEC) for identification of the services.

GST HSN Code with Rate

HSN (Harmonised System of Nomenclature) code shall be used for classifying the goods under the GST regime. Taxpayers whose turnover is above Rs. 1.5 crores but below Rs. 5 crores shall use 2 digit code and the taxpayers whose turnover is Rs. 5 crores and above shall use 4 digit code. Taxpayers whose turnover is below Rs. 1.5 crores are not required to mention HSN Code in their invoices.

  • HSN or HS (Harmonized Commodity Description and Coding System) is developed by World Customs Organization (WCO).
  • All goods are classified based on these codes.
  • It is an internationally accepted product coding system.
  • Presently in India this system is used for classification of goods under Customs and Central Excise since 1985.
  • This system is would continue under the GST regime as well.

Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12%, 18% and 28%.

GST HSN Code with Rate

HSN code or Harmonized System Nomenclature code number is an internationally adopted commodity description and coding system developed by the World Customs Organization (WCO). HSN code is used by more than 200 countries as a basis for their customs tariffs. Currently over 98 % of the merchandise in international trade is classified under HSN code With the HSN code acting as an universal classification for goods, the Indian Government has decided to adopt the use of HSN code for classification of goods under GST and levy of GST.

The HSN Code 2017 Edition is the current valid version applied in international trade transactions. Prior to the implementation of the HSN Code- 2017 Edition, HSN Code – 2012 Edition was applied in all international trade transactions. The HSN Codes are first classified into sections, chapters, contains the six-digit codes of the Harmonized System. To look up a HSN code you can use the HSN code finder or drill-down from Section to Chapter to the HSN Code.

As soon as the GST rates were announced a huge wave of curiosity hit across industry and trade bodies. Everyone is evaluating their position as a result of this change. So in this article, we bring you our analysis of these GST rates.

We already know that the GST slabs are pegged at 5%, 12%, 18% & 28%. According to the latest news from the GST council, the tax structure for common-use goods are as under:

GST HSN Code with Rate

GST Rates Structure

Tax RatesProducts 
0%MilkKajal
EggsEducations Services
CurdHealth Services
LassiChildren’s Drawing & Colouring Books
Unpacked FoodgrainsUnbranded Atta
Unpacked PaneerUnbranded Maida
GurBesan
Unbranded Natural HoneyPrasad
Fresh VegetablesPalmyra Jaggery
SaltPhool Bhari Jhadoo
5%SugarPacked Paneer
TeaCoal
Edible OilsRaisin
Domestic LPGRoasted Coffee Beans
PDS KeroseneSkimmed Milk Powder
Cashew NutsFootwear (< Rs.500)
Milk Food for BabiesApparels (< Rs.1000)
FabricCoir Mats, Matting & Floor Covering
SpicesAgarbatti
CoalMishti/Mithai (Indian Sweets)
Life-saving drugsCoffee (except instant)
12%ButterComputers
GheeProcessed food
AlmondsMobiles
Fruit JuicePreparations of Vegetables, Fruits, Nuts or other parts of Plants including Pickle Murabba, Chutney, Jam, Jelly
Packed Coconut WaterUmbrella
18%Hair OilCapital goods
ToothpasteIndustrial Intermediaries
SoapIce-cream
PastaToiletries
Corn FlakesComputers
SoupsPrinters
28%Small cars (+1% or 3% cess)High-end motorcycles (+15% cess)
Consumer durables such as AC and fridgeBeedis are NOT included here
 Luxury & sin items like BMWs, cigarettes and aerated drinks (+15% cess)

GST HSN Code with Rate

In addition to the above, a few other items were mentioned in the Council’s announcement of rates. These items, and the applicable rates on them are as follows:

  • Sugar, Tea, Coffee and Edible oil will fall under the 5 per cent slab, while cereals, milk will be part of the exempt list under GST. This is to ensure that basic goods are available at affordable prices. However, instant food has been kept outside this bracket so, no relief for Maggie lovers!
  • The Council has set the rate for capital goods and industrial intermediate items at 18 per cent. This will positively impact domestic manufacturers as seamless input credit will be available for all capital goods. Indeed, it is time for “Make In India”.
  • Coal to be taxed at 5 percent against current 11.69 per cent. This will prove beneficial for the power sector and heavy industries which rely on coal supply. This will also help curb inflation. Expect a good run for Coal India tomorrow.
  • Toothpaste, hair oil, and soaps will all be taxed at 18 percent, where currently they are taxed at 28 percent. Most of the cosmetics and fast moving consumer goods (FMCG) brands should get the benefit of this tax reduction. After all, Fair and Lovely might seem fairer in its pricing from now on!
  • The ‘mithai’ from the neighbouring sweet shop might lose some of its flavour as Indian sweets will now be taxable at 5 per cent. If you have a sweet tooth, this could hurt your pocket a wee bit in the coming days.

Plus, it was announced that:

  • for restaurants serving alcohol, the tax bracket will be 18 per cent
  • education, healthcare are going to be exempted from GST
  • services on Non-AC restaurants will be 12 per cent

GST HSN Code with Rate

REVISED GST RATE FOR CERTAIN GOODS
[As per discussions in the 16th GST Council Meeting held on 11th June, 2017]

S. No.Chapter / Heading / Subheading /Tariff itemDescription of goods Earlier GST rate
approved by the GST Council
Revised GST Rate approved by
the GST Council
1. 0506, 0507
90
Bones and horn cores, bone grist, bone meal,
etc.; hoof meal, horn meal, etc.
5% 0%
2.0801Cashew nut12%5% 
3.0801Cashew nut in shell12% 5% [under reverse
charge]
4.0806Raisin12%5% 
5.1104Cereal grains hulled5% 0%
6.1702Palmyra jaggery18%0%
7. 20
[All goods]
Preparations of vegetables, fruits, nuts or
other parts of plants, including pickle,
murabba, chutney, jam, jelly
18%/12%12%
8. 2103, 2103
00, 2103 90
90
Ketchup & Sauces [other than curry paste;
mayonnaise and salad dressings; mixed
condiments and mixed seasonings], Mustard
sauces
18%12%
9. 2103 90 10,
2103 90 30,
2103 90 40
Curry paste; mayonnaise and salad dressings;
mixed condiments and mixed seasonings
28%18%
10.2106Bari made of pulses including mungodi18% 12%
11.2201 90 10 Ice and snow 12%5%
12.2501 Salt, all types5% 0%
13.27  Bio gas12% 5%
14.28  Dicalcium phosphate (DCP) of animal feed grade conforming to IS specification
No.5470 : 2002
12% 0%
15.30   Insulin12%5%
16.29, 30, 3302 (i) Menthol and menthol crystals,
(ii) Peppermint (Mentha Oil),
(iii) Fractionated / de-terpenated mentha oil
(DTMO),
(iv) De-mentholised oil (DMO),
(v) Spearmint oil,
(vi) Mentha piperita oil
18% 12%
17.3304 20 00 Kajal [other than kajal pencil sticks] 28% Nil
18.3304 20 00 Kajal pencil sticks 28% 18%
19.3307 Agarbatti 12% 5%
20.3407 Dental wax 28% 18%
21.3822  All diagnostic kits and reagents18% 12%
22.3926 Plastic beads28% 12%
23.3926 90 99  Plastic Tarpaulin28% 18%
24.4202  (i) School satchels and bags other than of leather or composition leather;
(ii) Toilet cases [4202 12 10];
(iii) Hand bags and shopping bags of artificial plastic material [4202 22 10], of cotton [4202 22 20], of jute [4202 22 30], vanity bags [4202 22 40];
(iv) Handbags of other materials excluding wicker work or basket work [4202 29 10].
28%18%
25.4820 Exercise books and note books 18%12%
26.4823 Kites 12% 5%
27.4903  Children’s’ picture, drawing or colouring
books
12% Nil
28.57  Coir mats, matting and floor covering12% 5%
29. 65 [All goods]
Headgear and parts thereof  
28% 18%  
30. 6703  Human hair, dressed, thinned, bleached or
otherwise worked 
28% 0%   
31.68 Fly ash blocks   28%  12% 
32.  6810 11 90 Pre cast Concrete Pipes   28% 18% 
33.  6906  Salt Glazed Stone Ware Pipes 28%  18% 
34. 7015 10  Glasses for corrective spectacles and flint
buttons  
18%  12% 
35. 71  Rough precious and semi-precious stones 3% 0.25%   
36.7607Aluminium foil28% 18%
37.8215  Spoons, forks, ladles, skimmers, cake
servers, fish knives, tongs
18%12%
38.8308   All goods, including hooks and eyes28%18%
39.84 Pawan Chakki that is Air Based Atta Chakki28%5%
40.84 Fixed Speed Diesel Engines28%12%
41.4011 Rear Tractor tyres and rear tractor tyre tubes28%18%
42.8708  Rear Tractor wheel rim, tractor centre
housing, tractor housing transmission, tractor
support front axle
28%18%
43. 8423 &
9016
Weighing Machinery [other than electric or
electronic weighing machinery]
28%18%
44.8443 Printers [other than multifunction printers]28%18%
45.8482  Ball bearing, Roller Bearings, Parts & related
accessories
28%18%
46.8504Transformers Industrial Electronics28%18%
47.8504Electrical Transformer28%18%
48.8504Static Convertors (UPS)28%18%
49.8521 Recorder28%18%
50.8525 CCTV28%18%
51.8525 60  Two-way radio (Walkie talkie) used by
defence, police and paramilitary forces etc.
28%
52.8528  Set top Box for TV 28%18%
53.8528 Computer monitors not exceeding 17 inches28%18%
54.8539 Electrical Filaments or discharge lamps28%18%
55.8544Winding Wires28%18%
56.8544Coaxial cables28%18%
57.8544 70Optical Fiber28%18%
58.8472 Perforating or stapling machines (staplers),
pencil sharpening machines
28%18%
59.8715Baby carriages28%18%
60.9002 Intraocular lens18%12%
61.9004 Spectacles, corrective18%12%
62.9017  Instruments for measuring length, for use in
the hand (for example, measuring rods and
tapes, micrometers, callipers)
28%18%
63.9403   Bamboo furniture28%18%
64.9504  Playing cards, chess board, carom board and
other board games, like ludo, etc. [other than
Video game consoles and Machines]
28% 12%
65.9506 Swimming pools and padding pools28% 18%
66.9603 10 00  Muddhas made of sarkanda and phool bahari
jhadoo
5% 0%
67. 9704
 
Postage or revenue stamps, stamp-post
marks, first-day covers, etc
12%5%
68.9705 Numismatic coins12%5%
69. 4823 90 11,
8472, 9101,
9102, 9021
Braille paper, braille typewriters, braille
watches, hearing aids and other appliances to
compensate for a defect or disability
[These goods are covered in List 32 appended
to notification No.12/2012-Customs, dated
17.03.2012 and are already at 5% GST rate
12%5%

GST HSN Code with Rate

Check here to know more on GST and to download GST Billing Rules :

SL NO. TOPICSLINK
1.Invoicing Under GST CHECK HERE
2.Invoicing Under GST RulesCHECK HERE

Check here to know more on GST HSN Code with Rate :

SL NO. TOPICSLINK
1.GST Rate Schedule CHECK HERE
2.GST Rate by GST CouncilCHECK HERE
3.GST HSN Codes EnrollnmentCHECK HERE

For more on GST and  GST HSN Code with Rate  log onto www.cakart.in

 

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