Fabricated asbestos fibers are a type of asbestos product that is commonly used in various industries such as construction, automotive, and manufacturing. These fibers are made by combining raw asbestos fibers with other materials such as cement or resin to create a strong and durable product that is resistant to heat, chemicals, and other environmental factors.
GST stands for Goods and Services Tax. It is a type of tax that is levied on the supply of goods and services in India. GST has replaced all the previous indirect taxes such as VAT, excise duty, and service tax. GST is a comprehensive tax that is levied at every stage of the supply chain, from the manufacturer to the consumer.
HSN stands for Harmonized System of Nomenclature. It is an internationally recognized system of names and numbers that is used to classify goods in a standardized manner. The HSN system is used by over 200 countries worldwide to identify and classify goods for customs and taxation purposes.
The GST rates for fabricated asbestos fibers are as follows:
This means that if you are a manufacturer or supplier of fabricated asbestos fibers, you will need to charge 18% GST on all your sales. Similarly, if you are a buyer of these products, you will need to pay 18% GST on your purchases.
The HSN code for fabricated asbestos fibers is 6812. This code is used to identify and classify these products for customs and taxation purposes. If you are a manufacturer or supplier of fabricated asbestos fibers, you will need to use the HSN code 6812 on all your invoices and other relevant documents.
Fabricated asbestos fibers are an important industrial product that is widely used in various industries. The GST rates and HSN code for these products are important considerations for manufacturers, suppliers, and buyers. By understanding the GST rates and HSN code for fabricated asbestos fibers, you can ensure that you are complying with all the relevant tax laws and regulations.
PARTS OF GOLDSMITHS - GST RATES HSN CODE 7114
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