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Published on:
February 25, 2023
By
Prerna

GST Rates and HSN Code for Conveyor Belts or Belting

If you are in the business of manufacturing, exporting, or importing conveyor belts or belting, it is essential to know the applicable GST rates and HSN code for these products. In this article, we will provide you with detailed information on GST rates and HSN code for conveyor belts or belting.

What is a Conveyor Belt or Belting?

A conveyor belt, or belting, is a continuous loop of material that rotates around two or more pulleys. The belt is used to transport goods or materials from one point to another. Conveyor belts are commonly used in industries such as mining, food processing, and transportation.

GST Rates and HSN Code for Conveyor Belts or Belting

The GST rates and HSN code for conveyor belts or belting are as follows:

HSN CodeDescriptionGST Rate4010Conveyor belts or belting, of vulcanized rubber18%

As per the above table, the HSN code for conveyor belts or belting is 4010, and the applicable GST rate is 18%.

How to Determine GST Rates for Conveyor Belts or Belting?

The GST rates for conveyor belts or belting are determined based on the HSN code assigned to the product. If you are unsure about the HSN code for your product, you can check the GST portal or consult with a tax expert.

Conclusion

In conclusion, if you are in the business of manufacturing, exporting, or importing conveyor belts or belting, it is essential to know the applicable GST rates and HSN code for these products. The HSN code for conveyor belts or belting is 4010, and the applicable GST rate is 18%.

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Updated on:
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