Aluminium foil is a thin sheet made of aluminium. It is commonly used in packaging industry for wrapping food, pharmaceutical products and many other things. Aluminium foil is also used in insulation industry to wrap pipes, ducts and walls to protect them from heat and moisture. It is a versatile material that is widely used in various industries. In this article, we will discuss the GST rates and HSN code for aluminium foil.
The GST rates for aluminium foil depend on its thickness. The following table shows the GST rates for different thicknesses of aluminium foil:
ThicknessGST RateUp to 0.15 mm18%More than 0.15 mm but less than 0.2 mm12%0.2 mm and above18%
It is important to note that the GST rates for aluminium foil may vary depending on the state where the product is sold. The GST rates mentioned above are for the standard rate of GST, which is applicable in most states in India.
The HSN code for aluminium foil is 7607. This code is used to classify aluminium foil under the GST system. The HSN code for aluminium foil is a 4-digit code that is used to identify the product for taxation purposes.
Under the GST system, every product is assigned a code based on its nature, composition, and usage. This code helps in identifying the product, determining the tax liability, and tracking the product during transportation.
Aluminium foil is an important material used in various industries. It is widely used in packaging and insulation industry. The GST rates and HSN code for aluminium foil are important for businesses that deal with this product. It is important to understand the GST rates and HSN code for aluminium foil to ensure compliance with the GST regulations.
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