GLASS ENVELOPES - GST RATES HSN CODE 7011

Glass envelopes are used in various industries, including electronics, lighting, and medical equipment, among others. These envelopes are made from glass and are used to protect sensitive components from external contaminants and provide insulation. In India, the GST rates and HSN code for glass envelopes are crucial to understand for small and medium business owners and startup founders.

GST Rates for Glass Envelopes

The GST rates for glass envelopes in India are determined by the government, and it is essential to understand them to avoid any confusion or issues with tax compliance. The GST rate for glass envelopes is 18%, which means that businesses have to pay this tax on the value of the product.

It is important to note that GST rates for glass envelopes may vary depending on the type of product and its intended use. For instance, if a glass envelope is used for medical equipment, the GST rate may vary from 12% to 18%. Therefore, it is crucial to check the GST rates for the specific product and its intended use to avoid any issues with taxation.

HSN Code for Glass Envelopes

The HSN code for glass envelopes is 7011. This code is used to classify goods and services under the GST system in India. The HSN code for glass envelopes is essential for small and medium business owners and startup founders as it helps in identifying the product and its intended use.

Businesses must understand the HSN code for glass envelopes to ensure proper compliance with tax regulations. The HSN code for glass envelopes comes under the category of glass and glassware, which means that businesses have to pay the GST rate of 18% on the value of the product.

Conclusion

In conclusion, understanding the GST rates and HSN code for glass envelopes is crucial for small and medium business owners and startup founders in India. The GST rate for glass envelopes is 18%, and the HSN code for glass envelopes is 7011. It is important to note that these rates may vary depending on the product's intended use and type, and businesses must ensure proper compliance with tax regulations to avoid any issues.