GST-Rate-on-Watches

GST Rate on Watches and Clocks

GST Rate on Watches and Clocks

GST rate for watches and clocks are based on chapter 91 of the HSN code system. The GST Council in preparation for July 2017 rollout of the GST regime, fixed the GST rate for watches and clocks in a meeting held on 18th May 2017. In this article, we look at the GST rate for watches and clocks in detail.

HSN Code for Watches and Clocks

GST rate for clocks and watches and parts of clocks or watches are provided under chapter 91 of the HSN code. Based on the HSN code, the GST rate of 12% or 18% or 28% is applicable.

Only braille watches are taxable at 12% GST. All other types of watches and clocks are taxable at 18% or 28% GST.

Clocks Attracting 18% GST

  • Clocks with watch movements
  • Other clocks
  • Clock movements, complete and assembled
  • Clock parts

Click here to read on GST Rate for Electronics, Television and Audio Equipment

Watches and Clocks Attracting 28% GST

  • Wristwatches, pocketwatches and other watches, including stopwatches, with the case of precious metal or of metal clad with precious metal.
  • Wristwatches, pocketwatches and other watches, including stopwatches.
  • Instrument panel clocks and clocks of a similar type for vehicles, aircraft, spacecraft or vessels.
  • Time of day recording apparatus and apparatus for measuring, recording or otherwise indicating intervals of time, with clock or watch movement or with synchronous motor.
  • Time switches with clock or watch movement or with synchronous motor.
  • Watch movements, complete and assembled.
  • Complete watch or clock movements, unassembled or partly assembled (movement sets); incomplete watch or clock movements, assembled; rough watch or clock movements.
  • Watch cases and parts.
  • Clock cases and cases of a similar type for other goods of this chapter, and parts.
  • Watch straps, watch bands and watch bracelets, and parts.
  • Other watch parts.

Click here to find the GST rate for mobile phones and electronics. You can know more about GST at IndiaFilings GST Portal

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