Nickel is a versatile metal that finds application in numerous industries such as electrical, electronics, aerospace, automotive, and many more. It is a popular choice for various articles, and the GST council has provided a specific rate and HSN code for other articles of nickel. In this article, we will discuss the GST rates and HSN code for other articles of nickel.
Other articles of nickel fall under chapter 75 of the GST tariff. The GST council has fixed the GST rate for other articles of nickel at 18%. This rate is applicable to all the goods that come under this category. Any supplier or manufacturer of these goods is liable to pay 18% GST on the value of goods supplied.
As per the HSN code, other articles of nickel fall under HSN code 7508. HSN codes are essential for the classification of goods under the GST system. It helps in determining the correct rate of GST and also helps in tracking the movement of goods. The HSN code for other articles of nickel is 7508.
1. Nickel plates, sheets, strip, and foil
2. Nickel tubes, pipes, and tube or pipe fittings
3. Nickel wire
4. Nickel bars, rods, profiles, and wire
5. Nickel powders and flakes
Other articles of nickel are an essential component of various industries. The GST council has fixed the GST rates and HSN code for these goods to ensure that there is no ambiguity in their classification and tax rates. The GST rate for other articles of nickel is 18%, and the HSN code for these goods is 7508. As a supplier or manufacturer of these goods, it is essential to ensure that you comply with the GST regulations and pay the correct tax amount.
Everything You Need To Know About Index Funds
Extracts, Essences, Concentrates, Coffee, Tea, Mate - GST Rates HSN Code 2101
Guidelines for Deductions Deposits of TDS by DDOs Under GST Law
