GST payable for Watches, clocks, watch parts and clock parts

 

 

Rate of GST for sale of clocks, watches, clock parts, watch parts


GST exemption items list, click here

 

GST payable for Watches, clocks, watch parts and clock partsWatches, clocks, watch parts and clock parts falls under HSN code chapter 91 of GST commodity tariff schedule.  The details about GST rate changes for sale of watches, clocks, watch parts, clock parts are being updated here.  The notification changes on exemptions for GST for sale of watches, clocks, watch parts, clock parts and other circulars related to GST for Watches, clocks, watch parts and clock parts are updated in this website.

 

 

Reduced GST rates on 11 June 2017, click here for details

 

Update on 18th May, 2017: GST rates for goods

 

12% GST RATE;

1. Braille watches [9101, 9102]

 

18% GST RATE;

1. 9103 Clocks with watch movements, excluding clocks of heading 9104.

2. 9105 Other clocks

3. 9109 Clock movements, complete and assembled.

4. 9114 Other clock parts].

 

 

28% GST RATE;

All goods not specified elsewhere.

1. 9101 Wristwatches, pocketwatches and other watches, including stop-watches, with case of precious metal or of metal clad with precious metal

 

Revised GST Rates on 10th November, 2017

                                                                                                         Present rate        new rate

9101       Wrist-watches,  pocket-watches  and  other  watches,           28%             18%

               including  stop-watches, with case of precious metal or

               of metal clad with precious metal

 

2. 9102 Wristwatches, pocketwatches and other watches, including stop watches, other than those of heading 9101

 

Revised GST Rates on 10th November, 2017

                                                                                                         Present rate        new rate

9102       Wrist-watches,  pocket-watches  and  other  watches,           28%            18%

               including  stop watches, other than those of heading 9101

 

3. 9104 Instrument panel clocks and clocks of a similar type for vehicles, aircraft, spacecraft or vessels

 

Revised GST Rates on 10th November, 2017

                                                                                                   Present rate        new rate

9104     Instrument panel clocks and clocks of a similar type        28%                18%

              for vehicles, aircraft, spacecraft or vessels

 

4. 9106 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 (for example, timeregisters, timerecorders)

 

Revised GST Rates on 10th November, 2017

                                                                                                         Present rate        new rate

9106       Time of day recording apparatus and apparatus for               28%             18%

               measuring, recording or otherwise indicating intervals

               of time, with clock or watch movement or with synchronous

               motor (for example, time registers, time-recorders)

 

5. 9107 Time switches with clock or watch movement or with synchronous motor

 

Revised GST Rates on 10th November, 2017

                                                                                                    Present rate        new rate

9107       Time switches with clock or watch movement or            28%                 18%

               with synchronous motor

 

6. 9108 Watch movements, complete and assembled

 

Revised GST Rates on 10th November, 2017

                                                                                            Present rate        new rate

9108       Watch movements, complete and assembled              28%            18%

 

7. 9110 Complete watch or clock movements, unassembled or partly assembled (movement sets); incomplete watch or clock movements, assembled; rough watch or clock movements

 

Revised GST Rates on 10th November, 2017

                                                                                                        Present rate        new rate

9110       Complete  watch  movements,  unassembled  or                  28%                18%

               partly  assembled (movement  sets);  incomplete 

               watch  movements,  assembled;  rough watch movements

 

8. 9111 Watch cases and parts thereof

 

Revised GST Rates on 10th November, 2017

                                                                              Present rate        new rate

9111       Watch cases and parts thereof                       28%             18%

 

9. 9112 Clock cases and cases of a similar type for other goods of this chapter, and parts thereof

 

Revised GST Rates on 10th November, 2017

                                                                                                Present rate        new rate

9112       Cases for other than clocks, and parts thereof                28%              18%

 

10. 9113 Watch straps, watch bands and watch bracelets, and parts thereof

 

Revised GST Rates on 10th November, 2017

                                                                                                 Present rate        new rate

9113       Watch straps, watch bands and watch bracelets,             28%             18%

               and parts thereof

 

11. 9114 Other watch parts].

 

Revised GST Rates on 10th November, 2017

                                                                        Present rate        new rate

9114       Other watch parts                                    28%               18%

 

 

Reduced GST rates on 11 June 2017, click here for details

 

Amendments on 3rd June, 2017

In Chapter 91,- (i) In the 28% rate column, the entry “9110 Complete clock movements, unassembled or partly assembled (movement sets); incomplete clock movements, assembled; rough clock movements” may be omitted; (ii) In the 18% rate column, the entry “5 - 9110 Complete clock movements, unassembled or partly assembled (movement sets); incomplete clock movements, assembled; rough clock movements” may be added In the 28% rate column, the entry from 9112 relating to clock i.e. “9112 Clock cases, and parts thereof” may be omitted; (iii) In the 28% rate column, the entry from 9112 relating to clock i.e. “6 - 9112 Clock cases, and parts thereof” may be added; [Clocks and their parts are at 18%].

 

Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services.  Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively.  Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%.   The most essential goods and services attract nil rate of GST under Exempted Categories.     Luxury goods and services and certain specific goods and services   attract additional cess than 28% GST.

 

GST payable for Watches, clocks, watch parts and clock parts

 

GST rate payable for goods or service, click here 

 

Click here to know GST exemption list of goods and service

 

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The above information about GST rate on commodities under HSN code mentioned above commonly clarifies on questions explained under:

Amount of GST tax on Wrist-watches

What is the GST rate on pocket-watches?

How much GST on stop-watches?

GST tariff on Clocks with watch movements

Indian GST charges on excluding clocks

GST duty on Instrument panel clocks (vehicles, aircraft and spacecraft)

GST tax on Time switches with clock

Goods and Service Tax rate on Watch movements, complete and assembled

Goods and Service Tax slab on Clock movements, complete and assembled

GST slab on Watch cases and parts

GST slab rate on Watch straps

Slab GST on watch bands

Rate of GST slab on watch bracelets


Comments


madhava reddy yennepally: wrist watche and clocks comes in which category of tax slab

madhava reddy yennepally: GST payable for Watches, clocks, watch parts and clock parts

Vasu p: Hi 1.From 1-7-2017 GST will applicable for new purchase ? 2.What about existing stocks which is lying in stores, Vat Which is already paid. 3. If we have to pay for old vat stocks which is 14.5% tax paid. 4.28-14.5= 13.5% difference tax who will bear ? 5.buyer? Brand ? Or end customer? Please clarify this Thanks

RAJKUMAR KUKREJA: Hi 1.From 1-7-2017 GST will applicable for new purchase ? 2.What about existing stocks which is lying in stores, Vat Which is already paid. 3. If we have to pay for old vat stocks which is 14.5% tax paid. 4.28-14.5= 13.5% difference tax who will bear ? 5.buyer? Brand ? Or end customer? Please clarify this Thanks

Nordgreen: Found this website when I was searching for womens rose gold waches. All I can say i's good read place. Keep updated. Kristoffer Holten.

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