Flow Level Measuring Instruments - GST Rates HSN Code 9026

If you own a business that deals with the manufacturing or importing of flow and level measuring instruments, then it is important to understand the GST rates and HSN code that apply to your products. This guide will provide you with all the information you need to know about GST rates and HSN code for flow and level measuring instruments.

What Are Flow and Level Measuring Instruments?

Flow and level measuring instruments are used to measure the flow and level of liquid or gases in industrial settings. These instruments are used in various industries such as oil and gas, chemical, pharmaceutical, and food processing industries. Some examples of flow and level measuring instruments include flow meters, level gauges, and flow controllers.

GST Rates for Flow and Level Measuring Instruments

The GST rate for flow and level measuring instruments is 18%. This rate is applicable to all flow and level measuring instruments, regardless of their price or quality. It is important to note that the 18% GST rate is inclusive of all other taxes such as Central Excise Duty, State VAT, and so on.

HSN Code for Flow and Level Measuring Instruments

The Harmonized System of Nomenclature (HSN) is a six-digit code that is used to classify goods for taxation purposes. The HSN code for flow and level measuring instruments is 9026.

9026 includes instruments and apparatus for measuring or checking the flow, level, pressure or other variables of liquids or gases. This code covers a wide range of measuring instruments, including:

1. Flow meters

2. Level gauges

3. Pressure gauges

4. Thermometers

5. Viscometers

6. Hydrometers

Why is it Important to Understand GST Rates and HSN Code for Flow and Level Measuring Instruments?

Understanding the GST rates and HSN code for flow and level measuring instruments is important for several reasons:

Tax Compliance:

Knowing the correct GST rate and HSN code for your products is essential for tax compliance. Incorrect classification of your products can lead to penalties and legal issues.

Cost Management:

GST rates and HSN code can affect the cost of your products. By understanding these rates, you can calculate the accurate cost of your products and price them accordingly.

Import-Export:

‍If you are involved in the import-export of flow and level measuring instruments, then understanding GST rates and HSN code is crucial. This knowledge can help you avoid unnecessary taxes and duties and ensure smooth transactions.

Conclusion

Flow and level measuring instruments play a crucial role in various industries. Understanding the GST rates and HSN code for these instruments is important for tax compliance, cost management, and import-export purposes. The GST rate for flow and level measuring instruments is 18%, and the HSN code is 9026.