If you are in the market for a new mattress, you might have come across the term "HSN code for spring mattress." But what exactly does this code mean and why is it important? In this article, we will delve into the world of HSN codes and how they apply to spring mattresses.HSN Code for Spring Mattress
Before we dive into the specifics of HSN codes for spring mattresses, let's first understand what an HSN code is. HSN stands for Harmonized System of Nomenclature and is a code used to classify goods in the international trade market. These codes are used to streamline the process of importing and exporting goods, and every product is assigned a unique HSN code based on its characteristics.HSN Code for Mattress
In India, the HSN code for spring mattresses falls under the category of "Furniture, bedding, mattresses, cushions, and similar stuffed furnishings." The HSN code for spring mattresses in India is 9404. This code covers all types of mattresses, including spring, foam, and coir mattresses.HSN Code for Spring Mattress in India
Under the Goods and Services Tax (GST) regime in India, the HSN code for spring mattresses remains the same. However, the tax rate may vary depending on the type of mattress. For example, spring mattresses are taxed at 12%, while foam and coir mattresses are taxed at 18%. This makes it important to correctly identify the type of mattress to ensure the correct HSN code is used for GST purposes.HSN Code for Spring Mattress in GST
The HSN code for spring mattresses in India has remained the same since the implementation of GST in 2017. However, it is always recommended to double-check the code to ensure it is up-to-date. As of 2021, the HSN code for spring mattresses in India remains 9404.HSN Code for Spring Mattress in India 2021
Similar to the HSN code, the GST rates for spring mattresses have also remained the same since 2017. As of 2021, the GST rate for spring mattresses is 12%. However, it is important to note that the GST rates are subject to change and it is always best to check the latest rates before making a purchase.HSN Code for Spring Mattress in GST 2021
As we move into 2022, the HSN code for spring mattresses in India is expected to remain the same. However, with the ever-changing tax laws, it is always advisable to stay updated and check the latest HSN codes and GST rates before making a purchase.HSN Code for Spring Mattress in India 2021-22
The GST rates for spring mattresses in 2021-22 are also expected to remain the same. However, with the government constantly reviewing and revising tax rates, it is always important to stay informed and check the latest rates before making a purchase.HSN Code for Spring Mattress in GST 2021-22
For a comprehensive list of all HSN codes for various products, including spring mattresses, you can refer to the official PDF released by the Central Board of Indirect Taxes and Customs (CBIC). This document is regularly updated and can be easily accessed online.HSN Code for Spring Mattress in India 2021-22 PDF
Similarly, the GST rates for spring mattresses can also be found in the official PDF released by the CBIC. This document is a useful resource for businesses and individuals involved in the import and export of goods.HSN Code for Spring Mattress in GST 2021-22 PDF