HSN code watch chains
Query (Issue) Started By: – arun aggarwal Dated:- 20-1-2018 Last Reply Date:- 8-2-2018 Goods and Services Tax – GST
Got 8 Replies
GST
Sir
\nThere are no chapter notes in GST tariff as were in the Excise tariff.
\nThere were many items in the excise tariff which were specifically by virtue of the chapter notes were taxed and classified in different chapters.
\nOne of the example is the watch chains of precious metal which was specifically changed by the virtue of the chapter note from the chapter tariff 9113 to 7113 in excise.
\nNow under GST regime what should be the right HSN code for the watch chains of the precious metal as per logic it should be taxed under 9113 but as per the custom tariff it is still fal<\/p>\n
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\nIn view of the above watch chains of the precious metal are correctly classifiable under heading No. 7113 . This is my opinion. If you feel the rate of tax is on higher side, make a representation GST Council for reduction of the same.
\nReply By KASTURI SETHI:
\nThe Reply:
\nClassification is always linked with the function and end use of any product. Keeping in view the purpose, it should fall under Chapter 91 but as suggested by Sh.Ranganathan Sir, you should make representation to the Chairman, GST Council. It is the better option. GST Council takes up such issues.
\nReply By arun aggarwal:
\nThe Reply:
\nThanks Mr RAJAGOPALAN RANGANATHAN Ji
\nReply By KASTURI SETHI:
\nThe Reply:
\nYes. Sh.Ranganathan Sir deserves kudos. It is <\/p>\n
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