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Published on:
February 25, 2023
By
Prerna

GST Rates and HSN Code for Zinc Tubes, Pipes And Fittings - Everything You Need to Know

Zinc tubes, pipes, and fittings are essential components in various industries, including construction, automotive, and electrical. The implementation of the Goods and Services Tax (GST) in India has brought about changes in the tax rates and HSN code for these products. This article will provide you with a complete guide on GST rates and HSN code for zinc tubes, pipes, and fittings.

Understanding HSN Code for Zinc Tubes, Pipes And Fittings

HSN stands for Harmonized System of Nomenclature, which is a globally accepted system for classifying goods for international trade. India adopted the HSN code in 1986 to classify goods for tax purposes. HSN code comprises eight digits, with each digit representing a particular category of goods.

The HSN code for zinc tubes, pipes, and fittings is 7906. According to the Central Board of Indirect Taxes and Customs (CBIC), zinc tubes, pipes, and fittings fall under the category of "Other Tubes, Pipes, and Hoses, Fittings, of Iron or Steel," which is classified under Chapter 73 of the GST tariff.

GST Rates for Zinc Tubes, Pipes And Fittings

GST rates for zinc tubes, pipes, and fittings vary according to the type of product and its end-use. The GST rates for different types of zinc tubes, pipes, and fittings are as follows:

1. HSN Code 7906.90.20 - Zinc tubes and pipes: GST rate is 18%.

2. HSN Code 7906.90.90 - Zinc fittings: GST rate is 18%.

It is essential to note that the GST rates are subject to change as per the GST council's decision. Therefore, it is advisable to check the current GST rates before making any purchases.

Impact of GST on Zinc Tubes, Pipes And Fittings

The implementation of GST in India has streamlined the tax structure and eliminated the cascading effect of taxes. Earlier, various taxes such as excise duty, VAT, and service tax were levied on the same product, resulting in an increase in the final price. However, under GST, only one tax is levied, which has led to a reduction in the overall tax burden.

Moreover, GST has also brought about transparency in the tax system, making it easier for businesses to comply with the tax regulations. The simplified tax structure has also encouraged businesses to expand their operations, leading to increased employment opportunities.

Conclusion

Zinc tubes, pipes, and fittings are critical components used in various industries. The GST rates and HSN code for these products have undergone changes with the implementation of GST in India. It is essential to be aware of the current GST rates before making any purchases to avoid any confusion or discrepancies. The implementation of GST has streamlined the tax structure, leading to a reduction in the overall tax burden and increased transparency in the tax system.

This article provides a complete guide on GST rates and HSN code for zinc tubes, pipes, and fittings. It explains the HSN code for these products and the different GST rates applicable to them. The article also highlights the impact of GST on the tax structure and its benefits for businesses.TaxationGST Rates and HSN Codegst-rates-and-hsn-code-for-zinc-tubes-pipes-and-fittings

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Updated on:
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