Electrical transformers are one of the most important components in electrical circuits, and it is essential to have a clear understanding of their GST rates and HSN codes. In this article, we will discuss the GST rates and HSN codes for electrical transformers in India.
The GST rates for electrical transformers depend on their capacity and purpose. The rates are as follows:
1. 5% GST on transformers with a capacity of up to 1 kVA
2. 12% GST on transformers with a capacity of more than 1 kVA but less than or equal to 100 kVA
3. 18% GST on transformers with a capacity of more than 100 kVA but less than or equal to 500 kVA
4. 28% GST on transformers with a capacity of more than 500 kVA
The HSN code for electrical transformers is 8504. This code is used for all types of electrical transformers, regardless of their capacity or purpose. The HSN code is important to determine the GST rates applicable for each transformer.
It is important to understand the GST rates and HSN code for electrical transformers to avoid confusion and ensure accurate taxation. The GST rates are based on the capacity of the transformer, while the HSN code is a unique identifier for transformers.
For example, a transformer with a capacity of 250 kVA would be subject to an 18% GST rate, while a transformer with a capacity of 750 kVA would be subject to a 28% GST rate. Additionally, both transformers would have the same HSN code (8504).
Electrical transformers are an essential component in electrical circuits, and understanding their GST rates and HSN codes is crucial for accurate taxation. The GST rates depend on the capacity of the transformer, while the HSN code is a unique identifier for all types of electrical transformers.
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