New
Published on:
February 25, 2023
By
Harshini

GST Rates  HSN Code 2508 for Other Clays

Other Clays are a type of clay that is different from Bentonite, Kaolin, and Ball clay. It has a variety of applications in various industries such as construction, ceramics, and paper making. In this article, we will discuss the GST rates  HSN code 2508 for Other Clays.

GST Rates for Other Clays

Other Clays fall under the HSN code 2508, which is classified under Chapter 25 of the GST Tariff. The GST rate applicable for Other Clays is 12%.

HSN Code for Other Clays

The HSN code for Other Clays is 2508. This code is used to classify goods and services for taxation purposes. HSN stands for Harmonized System of Nomenclature, which is an internationally accepted classification system used by customs authorities to classify goods and services.

Applicable GST Rates for Other Clays

As mentioned earlier, the applicable GST rate for Other Clays is 12%. This rate includes both SGST (State Goods and Services Tax) and CGST (Central Goods and Services Tax). Hence, the total GST rate applicable for Other Clays is 24% (12% SGST and 12% CGST).

GST Rates for Import of Other Clays

The GST rate for the import of Other Clays is the same as the GST rate applicable for domestic supplies, i.e., 12%. However, in the case of import, IGST (Integrated Goods and Services Tax) is applicable instead of SGST and CGST. Hence, the total GST rate for the import of Other Clays is 12% IGST.

Conclusion

In conclusion, the GST rates and HSN code for Other Clays are clearly defined under the GST Tariff. Other Clays fall under the HSN code 2508 and are subject to a GST rate of 12%. This rate includes both SGST and CGST for domestic supplies and IGST for imports. Any business dealing with Other Clays must ensure that they comply with the GST regulations and pay the applicable taxes.

Suggestions



Compliance For eWay Bill by Transporter and Other Important Rules
GST Registration for Information Technology (IT) Company
What is TDS Challan ITNS 281 and How Do You Use It?

Updated on:
March 16, 2024