GST Rates and HSN Code for Lead Oxides, Red, Orange Lead

Lead oxides, red, and orange lead are essential substances used in various industries. They are widely used as pigments, in glass manufacturing, as a heat stabilizer in PVC products, and more. In India, the GST rates and HSN codes for these substances are crucial for business owners and entrepreneurs in the manufacturing industry.

Understanding the GST Rates for Lead Oxides, Red, and Orange Lead

The GST rates for the manufacturing industry have undergone several changes in recent years. Currently, the GST rate for lead oxides, red, and orange lead is 18%.The GST rate for these substances includes integrated goods and services tax (IGST), which is levied on the inter-state supply of goods and services. Additionally, the GST rate for lead oxides, red, and orange lead includes central goods and services tax (CGST), which is levied on intra-state supplies of goods and services.It is essential to note that the GST rate for lead oxides, red, and orange lead is subject to change as per the government's GST council.

Understanding the HSN Code for Lead Oxides, Red, and Orange Lead

The Harmonized System of Nomenclature (HSN) code is a six-digit code used to classify goods under the GST regime. The HSN code for lead oxides, red, and orange lead is 2824.The HSN code for these substances is essential for business owners and entrepreneurs in the manufacturing industry. The HSN code for lead oxides, red, and orange lead is used during the filing of GST returns and invoices.It is crucial to classify goods under the correct HSN code to avoid tax-related disputes with the GST authorities. Therefore, it is essential to understand the HSN code for lead oxides, red, and orange lead.

Conclusion

In conclusion, knowing the GST rates and HSN code for lead oxides, red, and orange lead is crucial for small and medium business owners and startup founders in the manufacturing industry. The GST rate for these substances is currently 18%, including IGST and CGST. Additionally, the HSN code for lead oxides, red, and orange lead is 2824.It is essential to stay updated with any changes to the GST rate and HSN code for lead oxides, red, and orange lead. To stay compliant with the GST laws, businesses must classify their goods under the correct HSN code and file their GST returns accurately.