New
February 25, 2023
By
Pranjal Gupta

Artificial Waxes, Prepared Waxes - GST Rates  HSN Code 3404

Introduction

Artificial waxes and prepared waxes are used in various industries such as cosmetics, pharmaceuticals, food, and others. These products are subject to GST rates and HSN code 3404. In this article, we will discuss the GST rates and HSN code for artificial waxes and prepared waxes.

GST Rates for Artificial Waxes and Prepared Waxes

Artificial waxes and prepared waxes are classified under Chapter 34 of the Harmonized System of Nomenclature (HSN) code. The GST rates for these products are as follows:

  1. 18% for artificial waxes, including scented waxes and mixtures containing natural waxes
  2. 28% for prepared waxes, including polishing or scouring preparations, candles and similar articles, modeling pastes, dental waxes, and other products

It is important to note that the GST rates can change due to government policies and regulations. Therefore, it is recommended to check the latest GST rates before making any transactions.

HSN Code for Artificial Waxes and Prepared Waxes

The HSN code for artificial waxes and prepared waxes is 3404. This code is used to classify these products for taxation purposes.

HSN codes are important in determining the correct tax rate and ensuring compliance with government regulations. Therefore, it is crucial to use the correct HSN code for artificial waxes and prepared waxes in all transactions and documentation.

Conclusion

Artificial waxes and prepared waxes are essential products in various industries. Understanding the GST rates and HSN code for these products is crucial for compliance with government regulations and ensuring accurate taxation. We hope this article has provided valuable information on the GST rates and HSN code for artificial waxes and prepared waxes.

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