Wallet HSN Code

Understanding Your Wallet’s HSN Code and GST

For businesses dealing in wallets in India, correctly identifying the Harmonized System of Nomenclature (HSN) code is crucial for Goods and Services Tax (GST) compliance. The HSN code for a wallet primarily depends on the material it’s made from. Your provided data clearly distinguishes between wallets made of paper/paperboard and those made of leather, with corresponding GST rates.

Wallets Made of Paper or Paperboard

If you are dealing with wallets crafted from paper or paperboard, your HSN codes will fall under Chapter 48: (waste and scrap) paper or paperboard. This chapter broadly covers paper and paperboard products.

The relevant HSN codes and their details are:

• HSN Code 4817: This general heading encompasses “Envelopes, Letter Cards, Plain Postcards And Correspondence Cards, Of Paper Or Paperboard; Boxes, Pouches, Wallets And Writing Compendiums, Of Paper Or Paperboard, Containing An Assortment Of Paper Stationery.”
  • GST Rate: 18%
  • Effective Date: July 1, 2017
• HSN Code 481730: This sub-heading specifically details “Boxes, Pouches, Wallets And Writing Compendiums, Of Paper Or Paperboard, Containing An Assortment Of Paper Stationery.”
  • GST Rate: 12%
  • Effective Date: July 1, 2017
• HSN Code 48173010: This further specifies “Boxes, Pouches, Wallets And Writing Compendiums, Of Paper Or Paperboard, Containing An Assortment Of Paper Stationery.” This specific entry, based on the provided data, also has a 18% GST rate, aligning with the broader 4817 category. However, note that some other sources might indicate a 12% rate for certain stationery assortments.
  • GST Rate: 18%
  • Effective Date: July 1, 2017
• HSN Code 48173090: This covers “Other” items within the sub-heading of boxes, pouches, wallets, and writing compendiums of paper or paperboard, containing an assortment of paper stationery.
  • GST Rate: 18%
  • Effective Date: July 1, 2017

Wallets Made of Leather

For wallets made from leather, your HSN classification will fall under Chapter 42: Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut). This chapter specifically caters to leather goods and similar containers.

The key HSN code to note is:

• HSN Code 42023120: This code specifically describes “Wallets and purses, of leather.”
  • GST Rate: 18% (While some sources might show 12% for specific sub-categories of 4202, the provided data for 42023120 indicates 18% for wallets and purses of leather, and this is corroborated by broader search results for leather wallets).
  • Effective Date: November 15, 2017

It is important to note that the broader HSN 4202 also covers “Trunks, Suit-Cases, Vanity-Cases, Executivecases, Brief-Cases, School Satchels, Spectacle Cases, Binocular Cases, Camera Cases, Musical Instrument Cases, Gun Cases, Holsters And Similar Containers; Travelling-Bags, Insulated Food Or Beverages Bags, Toilet bags, etc.,” and many of these also carry an 18% GST rate.