hi
is GST applicable on the purchase of school diary????
3 Replies
Ajay Gupta
(PRACTICING CHARTERED ACCOUNTANT)
(196 Points)
Replied 19 June 2019
As per my view it should be NIL.
Reference:: Chapter 49, HSN Code - 4901
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 19 June 2019
Yes, GST will be applicable @ 12% with HSN Code 482010
Aarika
(Finance Professional)
(2260 Points)
Replied 27 July 2023
HSN Code: 48201090
Descripttion: Articles of stationery made of paper or paperboard, including registers, account books, note books, order books, receipt books, letter pads, memorandum pads, diaries, excise books, blotting pads, binders (loose-leaf or other), folders, file covers, manifold business forms, interleaved carbon sets, and other similar items.
Rate: 12%
Summary:
- HSN code 48201090 covers various stationery items made of paper or paperboard.
- These items include registers, account books, note books, order books, receipt books, letter pads, memorandum pads, and diaries.
- It also includes excise books, blotting pads, binders (loose-leaf or other), folders, file covers, manifold business forms, interleaved carbon sets, and other stationery articles.
- The applicable Goods and Services Tax (GST) rate for these items is 12%.
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