One of our buyer intends to order for plastic toy, as per his version this will be classified as 'other toys of plastics' the HSN code will be 95037010 attracting 5% GST. In the Website we don't find the rate for this code. Kindly let know the rate applicable for the above mentioned HSN code. Thanks
HSN classification of plastic toys updated to 95030090, resulting in application of a higher GST rate under dual levy. Buyer classified a plastic toy under HSN 95037010 at a lower GST rate; respondent corrected the tariff to HSN 95030090, indicating the applicable GST for plastic toys under HSN 95030090 is a combined levy of two components (reported as 6%+6%), yielding an effective 12% tax incidence. (AI Summary)
Goods and Services Tax - GST