Electro Magnets - GST Rates & HSN Code 8505

Electro-magnets are an essential component of various electronic devices and equipment. These magnets create a magnetic field when an electric current is passed through them. Electro-magnets have a wide range of applications in research, engineering, and industry.

GST rates and HSN code for Electro-magnets:

HSN Code: 8505

GST rate: 18%

HSN code 8505 includes electro-magnets, permanent magnets, and articles intended to become magnets after magnetization. It also includes electromagnetic couplings, clutches, brakes, and lifting heads.

Electro-magnets are commonly used in various industries, including automotive, aerospace, and medical. They are also used in research and development applications. The GST rate for electro-magnets is 18%, which is the same for all other electronic items.

The HSN code for electro-magnets is essential for businesses to ensure that they are filing their taxes correctly. The HSN code for electro-magnets is 8505, which falls under the Goods and Services Tax (GST) regime.

Electro-magnets are widely used in the automotive industry to power various components. For example, electro-magnets are used in starter motors and alternators to generate power. Electro-magnets are also used in the aerospace industry for various applications, including controlling the movement of aircraft parts.In the medical industry, electro-magnets are used in Magnetic Resonance Imaging (MRI) machines. MRI machines use powerful electro-magnets to generate a magnetic field, which aligns the protons in a patient's body. This alignment allows the MRI machine to create detailed images of the patient's body.

Electro-magnets are also used in research and development applications. Scientists use electro-magnets in various experiments to create magnetic fields of varying strengths. These magnetic fields can be used to study the properties of materials, such as their magnetic susceptibility and magnetic anisotropy.In conclusion, electro-magnets are an essential component of various electronic devices and equipment. They have a wide range of applications in research, engineering, and industry. The GST rate for electro-magnets is 18%, and the HSN code for electro-magnets is 8505. Businesses must ensure that they are filing their taxes correctly by using the correct HSN code for electro-magnets.