GST HSN Code List

GST Rate and HSN Code : Chapter 97

Get a detailed GST HSN Code List at our portal. Save your time and effort in finding GST rates for various goods and commodities. We make your search for GST rates in India for over various goods easy with our HSN Code List with GST rates 2024. Find complete product description, HS Code and GST rates.

GST HSN Code List with GST rates 2024

HS CodeItem DescriptionGST
970110Paintings, e.g. oil paintings, watercolours and pastels, and drawings executed entirely by hand (excluding technical drawings and the like of heading 4906, and hand-painted or hand-decorated manufactured articles)0.12
97011010MADHUBANI PAINTINGS(ON TXTLS)0.12
97011020KALAMKARI PAINTINGS(ON TXTLS)0.12
97011030RAJASTHANI PAINTINGS(ON TXTLES)0.12
97011090OTHERS Products Include: Acp Sheet, Second Hand Car, Second Hand Car Sale, Milkmaid0.12
970190Collages and similar decorative plaques0.12
97019091DOMESTIC ARTCLS OF WOOD (HND DECORATED)0.12
97019092RESTAURANT DECORATION OF PLASTICS0.12
97019099OTHER HAND-DECORATED MNFCTRD ARTCLS ,Products include: Hindustan Times, Black Japan Paint0.12
970200Original engravings, prints and lithographs0.12
97020000ORIGNL ENGRVNGS,PRNTS AND LITHOGRPHS0.12
970300Original sculptures and statuary, in any material0.12
97030010ORIGINAL SCLPTRS AND STATUARY IN METAL0.12
97030020ORIGNL SCLPTRS AND STATUARY IN STONE0.12
97030090ORIGNL SCLPTRS AND STATUARY IN OTHR MATRLS0.12
970400Postage or revenue stamps, stamp-postmarks, first-day covers, postal stationery, stamped paper and the like, used, or if unused, not of current or new issue in which they have, or will have, a recognised face value0.05
97040010USED POSTAL STAMP0.05
97040020USED OR UNUSED FIRST-DAY COVERS FOR PHILAT0.05
97040090OTHR UNDER SUB-HEADING 9704000.05
970500Collections and collector's pieces of zoological, botanical, mineralogical, anatomical, historical, archaeological, palaeontological, ethnographic or numismatic interest0.05
97050010STUFFED ANIMALS AND BIRDS (TAXIDERMY)0.05
97050090OTHERS0.05
970600Antiques of 100 years old0.12
97060000ANTIQUES OF AN AGE EXCDNG ONE HUNDRED YRS0.12

What is GST?

Goods and Services Tax (GST) is a Single Tax Structure System introduced in 2017. GST works on One Nation, One Tax system. Earlier, there was a diverse tax system in India. There were various indirect taxes such as Value Added Tax (VAT), sale tax, purchase tax, service tax, surcharges, Excise duty, etc. Under the GST System, all the central and state taxes are merged into a single tax.

What are GST Rates for Goods & Services?

GST has refined the taxation sector in India. It helps in unifying all taxes for various goods and services. There are a large number of goods, commodities and services in India. So, they are put under 5 different slabs of GST rates-

  • NIL: Under this slab 0% tax is charged on the goods or services.
  • 5%: Under this slab 5% tax is charged on the goods and services.
  • 12%: Under this slab 12% tax is charged on the goods and services.
  • 18%: Under this slab 18% tax is charged on the goods and services.
  • 28%: Under this slab 28% tax is charged on the goods and services.

Important Note: Gold and other precious metals are excluded and put under 3% tax slab.

What is an HSN Code?

HSN Code stands for Harmonized System of Nomenclature. An HSN Code is a unique 6 to10 digit number developed for the identification of goods and products. This system was established in 1988 by the World Customs Organization. The HSN Code system is operational in all parts of the world. It covers almost 90% of the goods traded globally. It is accepted by customs authorities for determining taxes on goods.

How does the HSN Code System in India Functions?

HSN Codes held a great significance in Import-Export Procedures of India. In India, it is called ITC (Indian Trade Clarification)-HS Code. An ITC HS Code is recognized from its Chapter, Heading, Subheading and Regional Tariff. It consists of 8 digits.

Let’s take an example: Suppose we are given an HS Code- 6006840000

  • Chapter: The First two digits (60) denotes chapter
  • Heading: Next two digits (06) denote headings.
  • Subheading: Further, two digits (84) denote subheadings.
  • Regional Tariff: Second Last Two digits (00) denote Regional Tariff.
  • National Tariff: Last Two Digits (00) indicates National Tariff.
structrure of hsn code

How many sections, chapters, heading and subheading Does HS Code System Covers?

There are around 21 sections, 99 chapters, 5,222 heading and 1,244 subheadings in the Harmonised system of Nomenclature.

What is the use of HSN Code in GST?

Ever since the arrival of GST, it is mandatory to mention HSN Code for your product. HSN Codes are needed to be mentioned on invoices, bills or filing GST returns. HSN Code helps taxpayers to evaluate GST rates of various products. An incorrect HSN Code can create a big hurdle in the customs clearance process.

How can I find HSN Code List with GST Rates?

You can find a complete HSN Code List with GST rates at Exim Trade Data portal.