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Published on:
February 25, 2023
By
Prerna

Boards for Electric Control - GST Rates & HSN Code 8537

Electric control boards are an essential component in any electrical system. They help regulate and control the flow of electricity through the system, ensuring that everything runs smoothly and safely. For businesses in India, it is important to understand the GST rates and HSN code for boards for electric control. This article will provide a detailed explanation of both.

GST Rates for Boards for Electric Control

The GST rate for boards for electric control is 18%. This rate applies to both the boards themselves and any related parts or accessories. This rate was set by the GST Council in July 2017 and has remained the same since then.

It is important to note that some products related to boards for electric control may have different GST rates. For example, transformers and inductors used in these systems have a GST rate of 12%. It is important to consult the GST rates for each individual product when calculating taxes.

HSN Code for Boards for Electric Control

The HSN code for boards for electric control is 8537. This code is used to classify the product for tax purposes. It is important to use the correct HSN code when filing taxes to ensure accurate calculations.

The HSN code for boards for electric control includes various types of boards such as:

1. Printed circuit assemblies

2. Control panels

3. Power distribution panels

4. Other similar types of boards

Conclusion

Understanding the GST rates and HSN code for boards for electric control is important for businesses in India. By using the correct codes and rates, businesses can ensure accurate tax calculations and avoid any penalties or fines. Make sure to consult the official GST website or a tax professional for any questions or concerns.

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