As a business owner in India, it is crucial to know the GST rates and HSN codes for your products to ensure compliance with the tax laws in the country. If you are dealing with electrical resistors, this guide is for you. We will explore what electrical resistors are, their types, and the GST rates and HSN code for them.
Electrical resistors are passive components that impede the flow of electrical current through a circuit. They are used to control the amount of current that flows through a circuit, prevent damage to components due to excessive current, or to manage temperature in circuits. In simple terms, resistors resist the flow of electricity.
The resistance of an electrical resistor is measured in Ohms (Ω). The higher the resistance, the lower the current that flows through the circuit. There are different types of electrical resistors, including:
1. Carbon Film Resistors: These are made of a thin film of carbon deposited on a ceramic rod. They are commonly used in low power circuits and have a high tolerance.
2. Metal Film Resistors: These are made of a thin metal film deposited on a ceramic rod. They have a lower noise level than carbon film resistors and are used in high-frequency circuits.
3. Wire Wound Resistors: These are made by winding a resistive wire around a ceramic or metallic core. They are used in high power circuits and have a low tolerance.
The GST Council has set the GST rates for electrical resistors at 18%. This rate applies to all types of electrical resistors, including carbon film resistors, metal film resistors, wire wound resistors, and others.
The HSN code for electrical resistors is 8533. This code is used to classify electrical resistors for the purpose of taxation. When you sell, import or export electrical resistors, you will need to use this code on your invoices and other documentation to ensure compliance with the GST laws in India.
Understanding the GST rates and HSN code for your products is essential as a business owner in India. When it comes to electrical resistors, the GST rate is 18%, and the HSN code is 8533. Make sure to use these codes correctly in your documentation to avoid any penalties or legal issues.
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