A Comprehensive Guide to File GSTR-9
20 Jan, 2025
By Online Legal India
Published On 20 Jan 2025
Category GST
The world of arts and antiques holds significant cultural and financial value, making it essential for businesses and collectors to understand the applicable tax regulations. Under Chapter 97 of the Harmonized System of Nomenclature (HSN), various works of art, collectibles, and antiques are classified with specific GST rates. Proper classification and compliance with tax laws are crucial to ensure smooth transactions, avoid legal complexities, and take advantage of available tax benefits.
Whether you are an artist, collector, or dealer, obtaining GST registration is vital to legally conduct business and claim input tax credits. In this blog, we will explore the HSN codes and GST rates for arts and antiques under Chapter 97, helping you stay informed and compliant with India’s GST regulations.
| Rates (%) | Products Description | HSN Codes | Export and Import HSN Codes |
|---|---|---|---|
| 12 | Original sculptures and statuary, in metal, stone or any other material | 9703 | – |
| 12 | Hand paintings drawings and pastels (incl Mysore painting, Rajasthani painting, Tanjore painting, Palm leaf painting, basoli etc) | 9701 | – |
| 12 | Paintings, drawings and pastels, executed entirely by hand, other than drawings of heading 4906 and other than hand-painted or hand decorated manufactured articles; collages and similar decorative plaques | 9701 | 97011010, 97011020, 97011030, 97011090, 97019091, 97019092, 97019099 |
| 12 | Original engravings, prints and lithographs | 9702 | 97020000 |
| 12 | Original sculptures and statuary, in any material | 9703 | 97030010, 97030020, 97030090 |
| 5 | Postage or revenue stamps, stamp-postmarks, first-day covers, postal stationery (stamped paper), and the like, used or unused, other than those of heading 4907 | 9704 | 97040010, 97040020, 97040090 |
| 5 | Numismatic coins | 9705 | 97050010, 97050090 |
| 12 | Collections and collectors’ pieces of zoological, botanical, mineralogical, anatomical, historical, archaeological, paleontological, ethno-graphic or numismatic interest [other than numismatic coins] | 9705 | 97050010, 97050090 |
| 12 | Antiques of an age exceeding one hundred years | 9706 | 97060000 |
Disclaimer: The GST rates, HSN codes, and related details provided in this document are based on the author's interpretation and are subject to periodic updates as per prevailing laws. This content is intended for informational purposes only and should not be considered professional advice or a formal recommendation. While every effort has been made to ensure accuracy, inadvertent errors or omissions may occur. Online Legal India shall not be responsible for any loss or damage resulting from reliance on the information provided herein.
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