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Published on:
February 25, 2023
By
Harshini

Copper Tube - GST Rates  HSN Code 7412

Copper tubes are used in various industries, including construction, electrical, and plumbing. They are widely used because of their excellent thermal and electrical conductivity, corrosion resistance, and malleability. However, as a business owner or startup founder in India, you need to know about the GST rates and HSN code for copper tubes before importing, exporting, or selling them. This article provides you with all the necessary information about these rates and codes.

What is GST?

GST stands for goods and services tax. It is a comprehensive indirect tax levied on the supply of goods and services in India. GST was implemented on 1st July 2017, replacing multiple indirect taxes such as excise duty, service tax, and value-added tax (VAT).

What is HSN code?

HSN code stands for Harmonized System of Nomenclature code. It is a system of naming goods and services that are traded internationally. HSN code is used to classify goods and services under the GST regime in India.

GST rates for copper tubes

The GST rates for copper tubes in India vary depending on their size and shape. The current GST rates for copper tubes are as follows:

1. 18% GST on copper tubes with an outer diameter of 85 mm or more

2. 28% GST on copper tubes with an outer diameter of less than 85 mm

HSN code for copper tubes

The HSN code for copper tubes is 7412. This HSN code is used for all copper tubes regardless of their size or shape. When importing, exporting, or selling copper tubes, you need to mention this HSN code in your invoices.

Conclusion

As a business owner or startup founder in India, it is essential to know about the GST rates and HSN code for copper tubes. The GST rates for copper tubes vary depending on their size and shape, while the HSN code for copper tubes is 7412. Make sure to mention the HSN code in your invoices when importing, exporting, or selling copper tubes to avoid any legal issues.

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Updated on:
March 14, 2023