GST Rate on Bicycle
5%
GST Rate
- Product
- Bicycle
- HSN/SAC Code
- 8712
- GST Rate
- 5%
- CGST
- 2.5%
- SGST
- 2.5%
- IGST
- 5%
- Category
- Automobiles
Example GST Calculation
| Taxable Value | ₹10,000 |
| GST @ 5% | ₹500 |
| ↳ CGST @ 2.5% | ₹250 |
| ↳ SGST @ 2.5% | ₹250 |
| Total | ₹10,500 |
Related HSN Codes
| HSN Code | Description | GST Rate |
|---|---|---|
| 8712 | Bicycles and other cycles (not motorized) | 5% |
| 8714 | Parts and accessories for motorcycles and bicycles | 18% |