Speaker HSN Code

Understand Speaker HSN Code and GST Rate

If you’re buying or selling speakers in India, knowing the correct HSN (Harmonized System of Nomenclature) code and GST rate is essential. This helps in proper invoicing, tax compliance, and avoiding penalties.

Know What HSN Code Means

HSN Code is a globally accepted system for classifying goods. For speakers, it helps identify the product category under the GST framework so that correct tax rates are applied.

Use This HSN Code for Speakers

For speakers, the applicable HSN code is 15099010.

This code technically falls under the category of animal or vegetable fats and oils, which is unusual, and may indicate that the provided HSN code is incorrect for electronic speakers. However, based on the data you’ve shared, the HSN code listed is 15099010, which refers to:

• Description: Olive Oil And Its Fractions, Edible Grade
• GST Rate: 5%
• Effective Date: 01/07/2017

If this was listed under Speaker HSN Code, it seems there might be a mismatch. For electronic speakers, businesses typically use HSN code 8518, which is standard across electronics. You may want to double-check your product type.

Apply the Correct GST Rate

As per your provided data:

• HSN Code: 15099010
• GST Rate: 5%
• Cess: Nil
• Effective From: 01/07/2017

Note: This GST rate is likely for edible olive oil, not audio speakers.

Check If Your Product Matches This HSN Code

Make sure your product aligns with the HSN code. For audio equipment like speakers, most use HSN 8518, which usually falls under 18% GST.

If you’re selling edible oil, then HSN 15099010 and 5% GST would apply.

Confirm Before Filing GST

Businesses must match the right product with the correct HSN and GST rate. Filing with the wrong code can lead to notices, fines, or GST mismatches.

Avoid Common Mistakes in HSN Code Usage

Many businesses incorrectly use HSN codes. Always refer to official government sources like the CBIC HSN list or consult with a tax expert.

Keep GST Filings Error-Free

Use the correct HSN and GST rate while generating e-invoices or filing returns. This ensures transparency and saves time during assessments or audits.