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HSN CODE

All HS Codes or HSN Codes for Gift with GST Rates

Narendra Kumar
25 Oct, 2023 25 Oct, 2023
HSN CODE

Explore the complete range of HS Codes or HSN Codes for gifts, accompanied by their respective GST rates, providing valuable information for tax classification and compliance.

ChapterDescriptionHSN CodeRate (%)CESS (%)Effective DateRate Revision
ServicesParcel Packing And Gift Wrapping9985415/18Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women’s World Cup 2020. Provided that credit of input tax charged on goods and services has not been taken [Please refer to Explanation no. (iv)]. 1. Provided that credit of input tax charged on goods and services used in supplying the service, other than the input tax credit of input service in the same line of business (i.e. tour operator service procured from another tour operator) has not been taken [Please refer to Explanation no. (iv)] 2. The bill issued for supply of this service indicates that it is inclusive of charges of accommodation and transportation required for such a tour and the amount charged in the bill is the gross amount charged for such a tour including the charges of accommodation and transportation required for such a tour.25/01/2018–

FAQs

  1. What is HS code for gift items?

    The HS code for gift items depends on the type of gift item. For example, the HS code for jewelry gift boxes is 960850, and the HS code for paper gift boxes is 481910.

  2. What is the HS code for corporate gifts?

    The HS code for corporate gifts depends on the type of corporate gift. For example, the HS code for corporate gift baskets is 998541, and the HS code for corporate pens is 960840.

  3. What is the HSN code for gift box?

    The HSN code for gift box depends on the material of the gift box. For example, the HSN code for paper gift boxes is 481910, and the HS code for plastic gift boxes is 392390.

  4. What is the GST rate for gifts?

    The GST rate for gifts depends on the type of gift. For example, the GST rate for jewelry gift boxes is 18%, and the GST rate for paper gift boxes is 12%.

  5. What is the HS code for Jewellery gift box?

    The HS code for Jewellery gift box is 960850.

  6. Is GST applicable on gifts?

    Yes, GST is applicable on gifts, but there are some exemptions. For example, gifts worth up to Rs. 50,000 per year from family members are exempt from GST.

  7. What is the gift rule for GST?

    The gift rule for GST states that gifts worth more than Rs. 50,000 per year from family members are taxable at the GST rate applicable to the gift item.

  8. What are 12% GST items?

    There are many items that have a GST rate of 12%, including food items, clothing, and footwear.

  9. Is gift from family taxable?

    Gifts from family members worth up to Rs. 50,000 per year are exempt from GST. However, gifts worth more than Rs. 50,000 per year from family members are taxable at the GST rate applicable to the gift item.

  10. What is the HSN code for corporate gift GST?

    The HSN code for corporate gift GST depends on the type of corporate gift. For example, the HSN code for corporate gift baskets is 998541, and the HS code for corporate pens is 960840.

  11. What is the HS code for gift items?

    The HS code for gift items depends on the type of gift item. For example, the HS code for jewelry gift boxes is 960850, and the HS code for paper gift boxes is 481910.

  12. What is the HSN code 998541?

    HSN code 998541 is for gift baskets or hampers containing an assortment of articles.

  13. What is the HSN code 9608?

    HSN code 9608 is for worked precious or semi-precious stones (natural, synthetic or reconstructed), pearls, precious metal or metal clad with precious metal and articles thereof; imitation jewellery; coin.

  14. What is the HSN code for a box?

    The HSN code for a box depends on the material of the box. For example, the HSN code for paper boxes is 481910, and the HS code for plastic boxes is 392390.

  15. What is the HSN code 481910?

    HSN code 481910 is for cartons, boxes and cases, of corrugated paper or paperboard.

  16. What is the GST rate for packaging boxes?

    The GST rate for packaging boxes is 12%.

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