Electric motors and generators are integral components of various industrial and commercial equipment. Understanding the GST rates and HSN code for these products is essential for business owners and contractors who deal with them. In this article, we will discuss the GST rates and HSN code for Electric Motors and Generators in India.
Electric Motors and Generators come under the 8501 chapter of the GST tariff. The GST rates for Electric motors and generators (excluding generating sets) are 18%
Note: GST rates are subject to change as per government regulations. Please check with the official government website for the latest rates.
HSN code is a 6-digit code used to classify goods under the GST system. The HSN code for Electric Motors and Generators is 8501. This code covers all types of electric motors and generators, including generating sets and rotary converters.
For example, if you are a business owner who deals with electric motors and generators, you need to mention the HSN code (8501) in your invoices and other transaction documents. This helps in the proper classification and calculating of GST.
Understanding the GST rates and HSN code for Electric Motors and Generators is crucial for business owners and contractors who deal with these products. It helps in proper classification and calculating GST, avoiding any legal issues in the future. Make sure to check the official government website for the latest rates and updates.
ITC can be Availed on IGST Paid on Imports for both Intra Inter-State Sales: AAR
GST Registration – An Analysis
GST rates and HSN code for Woven Fabrics Of Cotton Mixed Less Than 200 G/M2