GST Rates and HSN Code for Other Machines Parts

As an Indian small or medium business owner or startup founder, one of the things you need to keep track of is the GST rates and HSN codes for the goods and services you provide or purchase. In this article, we will discuss the GST rates and HSN code for Other Machines Parts, which come under Chapter 84 of the GST tariff.

What are Other Machines Parts?

Other Machines Parts refer to the components that can be used in a variety of machinery and equipment. These parts are essential for the smooth functioning of machines and play a crucial role in the manufacturing process. Some examples of Other Machines Parts include:

1. Gears, bearings, and pulleys

2. Screws, nuts and bolts, and washers

3. Valves and pumps

4. Engines and engine parts

5. Electric motors and generators

GST Rates for Other Machines Parts

The GST rates for Other Machines Parts vary depending on the type of component and its intended use. The GST rates for Other Machines Parts are as follows:

1. 28% GST for parts used in engines, motors, and generators

2. 18% GST for parts used in other machinery

It is important to note that the GST rates for Other Machines Parts also depend on the HSN code.

HSN Code for Other Machines Parts

The HSN Code for Other Machines Parts is 8487. The HSN code is a unique identification code that is used to classify goods and services for GST purposes. The first two digits of the HSN code indicate the chapter under which the goods or services fall. In the case of Other Machines Parts, the chapter is Chapter 84.

The next two digits of the HSN code indicate the heading under which the goods or services fall. In the case of Other Machines Parts, the heading is 8487.

The last two digits of the HSN code indicate the sub-heading under which the goods or services fall. In the case of Other Machines Parts, the sub-heading can vary depending on the type of component.

Conclusion

As a small or medium business owner or startup founder in India, it is important to keep track of the GST rates and HSN codes for the goods and services you provide or purchase. In this article, we discussed the GST rates and HSN code for Other Machines Parts, which are essential components used in a variety of machinery and equipment. We hope this article has been helpful in providing you with the information you need to make informed decisions about your business.