Iron Gas Containers - GST Rates & HSN Code 7311

Iron gas containers are becoming increasingly popular in India as more and more businesses adopt the use of these containers. The GST rates and HSN code for iron gas containers are important factors that business owners and startup founders need to consider before purchasing these containers. Understanding these rates and codes will help you make an informed decision and avoid any legal or financial issues later.

GST Rates for Iron Gas Containers

The GST rates for iron gas containers in India vary depending on the size and type of container. Here are the GST rates for different types of iron gas containers:

1. Iron gas containers of a capacity not exceeding 300 liters - 18%

2. Iron gas containers of a capacity exceeding 300 liters but not exceeding 1000 liters - 18%

3. Iron gas containers of a capacity exceeding 1000 liters - 12%

It's important to note that the above rates are subject to change based on updates from the GST council. You should always check the latest GST rates before purchasing iron gas containers.

HSN Code for Iron Gas Containers

The Harmonized System of Nomenclature (HSN) code is used to classify goods for tax purposes. The HSN code for iron gas containers is 7311. The code covers the following types of containers:

1. Containers for compressed or liquefied gas, of iron or steel

2. Containers for compressed or liquefied gas, of aluminum

3. Containers for compressed or liquefied gas, of other materials

The HSN code is important for determining the correct tax rate for iron gas containers. You should also note that the HSN code is subject to change, and you should always check the latest codes before importing or exporting iron gas containers.

Conclusion

Iron gas containers are an essential item for many small and medium businesses and startup founders in India. It's important to understand the GST rates and HSN code for these containers to avoid any legal or financial issues. Always check the latest rates and codes before purchasing or importing iron gas containers.