Files Rasps - GST Rates & HSN Code 8203

Files and rasps are essential tools for any metalworking or woodworking project, as they allow for precise shaping and smoothing of material surfaces. Since these tools are used frequently in various industries, it is important to understand the GST rates and HSN codes that apply to these items.

GST Rates for Files and Rasps

Files and rasps fall under the category of hand tools under the GST regime. The GST rate for hand tools is 18%, which applies to files and rasps as well. This rate is applicable to both finished and unfinished files and rasps.

It is important to note that the GST rate for files and rasps is subject to change by the GST Council. Any updates to the rates will be reflected in the GST portal.

HSN Code for Files and Rasps

The HSN code for files and rasps is 8203. This code is used to classify hand tools, including files and rasps, in the GST system. The HSN code for files and rasps is important when it comes to filing GST returns and completing other GST-related paperwork.

Here is a breakdown of the HSN code 8203:

1. 82 : This refers to hand tools, including files and rasps.

2. 03 : This refers to files and rasps specifically.

When filling out GST returns or other GST-related documents, it is important to use the correct HSN code to avoid any potential penalties or fines.

Conclusion

Files and rasps are important tools in various industries, and it is important to understand the GST rates and HSN codes that apply to these items. The GST rate for hand tools, including files and rasps, is 18%, and the HSN code for files and rasps is 8203. By understanding these rates and codes, small and medium business owners and startup founders can ensure that they are complying with GST regulations and avoiding any potential fines or penalties.