Aluminium Plates Sheets - GST Rates HSN CODE 7606

If you are a business owner or startup founder involved in the manufacture, trade or supply of aluminium plates and sheets, it is essential to know the GST rates and HSN codes for these products in India. The GST (Goods and Services Tax) rates and HSN (Harmonized System of Nomenclature) codes are important for determining the tax liabilities and compliance requirements for your business. HSN Code 7606 - Aluminium Plates, Sheets and Strip, of a Thickness Exceeding 0.2 mm The HSN code 7606 refers to all types of aluminium plates, sheets and strip, of a thickness exceeding 0.2 mm. This includes flat-rolled products in rectangular or square shapes, with or without alloying elements, and with or without surface treatment.

GST Rates for Aluminium Plates and Sheets

The GST rates for aluminium plates and sheets depend on the type and thickness of the product. The table below summarizes the GST rates for different types of aluminium plates and sheets:

| Type of Product | GST Rate |

| Aluminium Foils | 18% |

| Aluminium Plates | 18% |

| Aluminium Sheets | 18% |

Note: The GST rates are subject to change, so it is advisable to verify the current rates from the official GST portal.

Compliance Requirements for Businesses

Businesses dealing with aluminium plates and sheets need to comply with the GST regulations and maintain proper records and documentation. Some of the important compliance requirements are:

1. Registration: All businesses with an annual turnover of Rs. 20 lakh or more (Rs. 10 lakh or more for special category states) are required to register under the GST regime.

2. Invoicing: Businesses need to issue GST-compliant invoices for all their supplies of goods and services, including aluminium plates and sheets.

3. Returns Filing: Businesses need to file their GST returns on time, either monthly or quarterly, depending on their turnover.

4. Input Tax Credit: Businesses can claim input tax credit (ITC) for the GST paid on their purchases of goods and services, including aluminium plates and sheets.

Conclusion

In conclusion, as a business owner or startup founder dealing with aluminium plates and sheets in India, it is important to know the GST rates and HSN codes for these products. This will help you to comply with the GST regulations, maintain proper records and documentation, and avoid any tax liabilities or penalties. We hope this article has provided you with all the essential information you need to know about the GST rates and HSN code for Aluminium Plates and Sheets in India.