Chapter 92 – HSN Code & GST Rate for Musical Instruments & Accessories
Chapter 92 of the Harmonized System of Nomenclature (HSN) encompasses a wide range of musical instruments, along with their parts and accessories. Businesses dealing with musical instruments need to understand the applicable HSN codes and GST rates for compliance with tax regulations in India. Here’s a breakdown of the relevant details:
| HSN Code | Product Description | GST Rate (%) |
|---|---|---|
| 9201 | Pianos, including automatic pianos; harpsichords | 18 |
| 9202 | Other string musical instruments (e.g., guitars, violins) | 18 |
| 9203 | Keyboard musical instruments (other than pianos) | 18 |
| 9204 | Wind musical instruments (e.g., accordions, bagpipes) | 18 |
| 9205 | Percussion musical instruments (e.g., drums, xylophones) | 18 |
| 9206 | Musical instruments, the sound of which is produced/must be amplified electrically | 18 |
| 9207 | Musical instruments, parts, and accessories | 18 |
Important Note: GST rates are subject to change as per government notifications. It is advisable to verify the latest rates before conducting any business transactions.
Importance of Correct Classification
Musical instruments are not just products; they embody cultural and artistic significance. Proper classification under the appropriate HSN codes is essential for accurate taxation and adherence to GST laws.
Compliance for Businesses
For businesses engaged in manufacturing, importing, or selling musical instruments or their components, accurate classification under the relevant HSN codes is crucial. This classification helps determine the applicable GST rates, ensuring compliance with tax regulations.
Consultation and Resources
For detailed information and specific queries based on the latest regulations and amendments concerning musical instruments, parts, and accessories, businesses are advised to consult tax professionals or refer to official government resources such as the GST portal.
