Base Metals Clad - GST Rates and HSN Code 7107

Base metals clad are a common material used in various industries, including manufacturing, construction, and engineering. These materials are typically composed of a base metal, such as steel or aluminum, that has been coated with another metal, such as copper or silver, to improve its properties, such as conductivity or corrosion resistance.

When it comes to GST compliance, it is important to properly classify base metals clad to ensure that the correct GST rates and HSN codes are applied. The GST rates and HSN code for base metals clad are determined based on the composition and thickness of the cladding layer.

GST Rates for Base Metals Clad

The GST rates for base metals clad are determined based on the cladding layer's composition and thickness. The rates are as follows:

1. 18% GST for base metals clad with a cladding layer of copper, nickel or aluminum, whether or not the base metal is plated or coated with other metals.

2. 28% GST for base metals clad with a cladding layer of silver, gold or platinum, whether or not the base metal is plated or coated with other metals.

It is important to note that the GST rates for base metals clad can vary depending on the specific product and its intended use. It is recommended to consult with a GST expert to determine the exact rate applicable to your product.

HSN Code for Base Metals Clad

The HSN code for base metals clad is 7107. This code is used to classify base metals clad in India for the purposes of GST compliance. It is important to correctly classify your product under the appropriate HSN code to avoid any potential issues with GST compliance.

The HSN code for base metals clad is further broken down into subheadings based on the composition and thickness of the cladding layer. The subheadings are as follows:

1. 7107 10 - Base metals clad with silver, whether or not plated or coated with other metals

2. 7107 20 - Base metals clad with gold, whether or not plated or coated with other metals

3. 7107 90 - Other base metals clad, whether or not plated or coated with other metals

It is important to carefully review the HSN code for your specific product to ensure that it is classified correctly. Incorrect classification can result in penalties and fines under the GST system.

Conclusion

Base metals clad are a common material used in various industries, and it is important to properly classify these materials for GST compliance. The GST rates and HSN code for base metals clad are determined based on the composition and thickness of the cladding layer. It is important to consult with a GST expert to ensure that your product is correctly classified and that the correct GST rates are applied.

By understanding the GST rates and HSN code for base metals clad, you can ensure that your business is fully compliant with the GST system, and avoid any potential issues with penalties and fines.