Hand Working Tools - GST Rates HSN Code 8467

Hand working tools are an essential part of almost every small and medium business, and startup in India. These tools can be used for anything from construction to manufacturing, and they all fall under the GST code 8467. In this article, we will explore the GST rates and HSN code for hand working tools in detail.

What are Hand Working Tools?

Hand working tools are tools that require manual operation and are operated by hand. These tools are used for a wide range of tasks, including cutting, shaping, drilling, and fastening. They are typically made from high-quality materials such as steel or aluminum and are designed to be durable and long-lasting.

Some common examples of hand working tools include hammers, screwdrivers, pliers, wrenches, and hand saws. These tools are essential for almost every small and medium business, and startup in India, and they are used in a wide range of industries, including construction, manufacturing, and automotive.

GST Rates for Hand Working Tools

The GST rate for hand working tools is 18%. This means that any business that buys or sells hand working tools must pay a GST rate of 18% on the value of the tools. This rate applies to both domestically produced and imported hand working tools.

It is important to note that the GST rate for hand working tools is not fixed, and it may change depending on government policies and market conditions. Therefore, it is essential to keep track of the latest GST rates and changes in the HSN code for hand working tools.

HSN Code for Hand Working Tools

The HSN code for hand working tools is 8467. This code is used to classify all hand working tools and is essential for businesses that import or export these tools. It is also used to calculate the GST rate for hand working tools.

The HSN code for hand working tools is divided into two parts. The first part is the chapter number, which is 84. The second part is the heading, which is 67. This heading is specific to hand working tools and includes all types of tools that are operated by hand.

Conclusion

In conclusion, hand working tools are an essential part of almost every small and medium business, and startup in India. They are used for a wide range of tasks and industries, and they all fall under the GST code 8467. The GST rate for hand working tools is 18%, and the HSN code for these tools is 8467. It is essential to keep track of the latest GST rates and changes in the HSN code for hand working tools to ensure compliance and avoid any penalties or fines.