As a small or medium business owner or startup founder in India, it's important to stay on top of the latest GST rates and HSN codes for your industry. In this article, we'll be taking a closer look at cast glass and rolled glass, and the GST rates and HSN codes associated with them.
Cast glass is a type of glass that is made by melting glass in a furnace, and then pouring it into a mold to create the desired shape. This type of glass is typically used for decorative purposes, such as in sculptures or furniture.
Rolled glass, on the other hand, is made by passing molten glass through a pair of rollers, which flatten it into sheets of varying thicknesses. This type of glass is commonly used in windows, doors, and other construction applications.
Under the current GST system in India, cast glass and rolled glass are both subject to a GST rate of 18%. This means that if you're purchasing these types of glass for your business, you'll need to factor this rate into your budget.
HSN codes are used to classify goods and services under the GST system, and help to identify the applicable GST rate for each product. The HSN code for cast glass is 7003 19 00, while the HSN code for rolled glass is 7005 29 00.
It's important to note that HSN codes can be subject to change, so it's always a good idea to check with a qualified tax professional or consult the official GST website for up-to-date information.
As a small or medium business owner or startup founder in India, keeping up with the latest GST rates and HSN codes is crucial for staying compliant and avoiding potential penalties. By understanding the GST rates and HSN codes for cast glass and rolled glass, you can ensure that your business is operating within the bounds of the law.
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