GST Rates and HSN Code for Tubes, Pipes, Hoses, Fittings

As a small or medium business owner in India, it is important to be aware of the GST rates and HSN code for Tubes, Pipes, Hoses, Fittings. In this article, we will provide you with the necessary details to help you understand what these codes are and how they affect your business.

GST Rates for Tubes, Pipes, Hoses, Fittings

As per the GST council, Tubes, Pipes, Hoses, Fittings fall under the category of Plastic and Rubber Products. The GST rate for Plastic and Rubber Products is 18%. However, there are some exceptions.

The following products have a different GST rate:

1. Pipes and tubes made of PVC - 5%

2. Pipes and tubes made of HDPE - 12%

3. Plastic tubes, pipes, hoses and fittings - 12%

It is important to note that the GST rates are subject to change. So, it is recommended that you keep yourself updated with the latest GST news and updates.

HSN Code for Tubes, Pipes, Hoses, Fittings

HSN stands for Harmonized System of Nomenclature. It is a classification system used for goods and services. In India, HSN codes are used to classify goods for taxation purposes. HSN codes for Tubes, Pipes, Hoses, Fittings fall under the category of Plastics and articles thereof; rubber and articles thereof.

The HSN code for Tubes, Pipes, Hoses, Fittings is 3917.

Impact of GST Rates and HSN Code on Business

As a business owner, it is important to understand the impact of GST rates and HSN codes on your business. Firstly, it affects the price of the products you sell. If the GST rates for Tubes, Pipes, Hoses, Fittings change, it will directly affect the price of your products. Secondly, it affects the taxes you pay. You need to ensure that you are charging the correct GST rate for the products you sell. Otherwise, you may end up paying more taxes than necessary. Lastly, it affects the compliance requirements. You need to ensure that you are filing your GST returns correctly and on time.

Conclusion

To summarize, Tubes, Pipes, Hoses, Fittings fall under the category of Plastic and Rubber Products. The GST rate for Plastic and Rubber Products is 18%. However, there are some exceptions. The HSN code for Tubes, Pipes, Hoses, Fittings is 3917. It is important to keep yourself updated with the latest GST news and updates. Understanding the impact of GST rates and HSN codes on your business is crucial for compliance and profitability.