Trophy HSN Code : Applicability, HSN Code and GST Rate on Trophy

Chapter	Description	HSN Code	Rate (%)	CESS (%)	Effective Date	Rate Revision
Miscellaneous articles of base metal	Bells, Gongs And The Like, Non-Electric, Of Base Metal; Statuettes And Other Ornaments, Of Base Metal; Photograph, Picture Or Similar Frames, Of Base Metal; Mirrors Of Base Metal – Statuettes And Other Ornaments: – Plated With Precious Metal:Trophies	83062120	12%	–	22/09/2017	–

Chapter

Description

HSN Code

Rate (%)

CESS (%)

Effective Date

Rate Revision

Miscellaneous articles of base metal

Bells, Gongs And The Like, Non-Electric, Of Base Metal; Statuettes And Other Ornaments, Of Base Metal; Photograph, Picture Or Similar Frames, Of Base Metal; Mirrors Of Base Metal – Statuettes And Other Ornaments: – Plated With Precious Metal:Trophies

83062120

12%

–

22/09/2017

–

Understanding Trophy HSN Code and GST Implications

Navigating the Goods and Services Tax (GST) system requires a clear understanding of the Harmonized System of Nomenclature (HSN) codes for various goods. For businesses dealing with trophies, knowing the correct HSN code and the applicable GST rate is essential for accurate invoicing and compliance. Let’s break down the HSN code for trophies based on the provided information.

Identifying HSN Code for Trophies

According to the data, trophies are classified under Chapter 83, which pertains to “Miscellaneous articles of base metal.” Specifically, the relevant HSN code for trophies plated with precious metal is 83062120.

Knowing Applicable GST Rate on Trophies

The GST rate applicable to trophies falling under HSN code 83062120 is 12%. Currently, there is no CESS levied on these items. This rate came into effect on September 22, 2017, and there has been no subsequent revision according to the provided data.

FAQs

What is the specific HSN code for trophies plated with precious metal?

The HSN code is 83062120.

Under which chapter does the HSN code for trophies fall?

It falls under Chapter 83.

What is the current GST rate applicable to these trophies?

The current GST rate is 12%.

When did this GST rate become effective?

This rate became effective on September 22, 2017.

Why is it important to use the correct HSN code for trophies?

Using the correct HSN code ensures accurate GST calculation and compliance with tax regulations.

Where can businesses find more information on HSN codes and GST rates?

Businesses can refer to the official GST portal and the Central Board of Indirect Taxes and Customs (CBIC) website for comprehensive information.

Trophy HSN Code