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Published on:
February 25, 2023
By
Paramita

Lead Plates and Sheets - GST Rates and HSN Code 7804

Lead plates and sheets are commonly used in various industries such as construction, automotive, and electrical due to their durability and resistance to corrosion. If you are a small or medium business owner, or a startup founder in India, it is essential to understand the GST rates and HSN code for lead plates and sheets.

GST Rates for Lead Plates and Sheets

Lead plates and sheets fall under the category of products that attract GST rates. The GST rate for lead plates and sheets is 18%. This means that if you purchase or sell lead plates and sheets in India, you will have to pay a GST rate of 18% on the value of the product.

It is important to note that the GST rate on lead plates and sheets is subject to change as per the latest updates from the government. Therefore, it is advisable to stay updated with the latest regulations and rates to avoid any penalties or legal issues.

HSN Code for Lead Plates and Sheets

The HSN code for lead plates and sheets is 7804. This code is used to classify lead plates and sheets under the correct category for tax purposes. It is essential to use the correct HSN code while filing GST returns to ensure compliance with the latest regulations.

The HSN code for lead plates and sheets can be broken down into the following:

  • 78: Lead and articles thereof
  • 04: Lead plates, sheets, strip, and foil; lead powders and flakes

It is important to note that the HSN code for lead plates and sheets may vary depending on the specific type of product. Therefore, it is advisable to consult with a tax expert or refer to the official government website for the latest updates on HSN codes.

Conclusion

Understanding the GST rates and HSN code for lead plates and sheets is crucial for small and medium business owners and startup founders in India. This knowledge can help avoid legal issues and penalties that may arise due to non-compliance with the latest regulations.

It is advisable to stay updated with the latest updates from the government on GST rates and HSN codes for lead plates and sheets. You can consult with a tax expert or refer to the official government website for the same.

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Updated on:
March 16, 2024