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Published on:
February 25, 2023
By
Prudhvi Raj

Machines For Wood - GST Rates & HSN Code 8465machines-for-wood-gst-rates-and-hsn-code-8465

Machines For Wood - GST Rates & HSN Code 8465If you are in the business of manufacturing or trading machines for wood, it is essential to know the GST rates and HSN code applicable to your products. GST rates and HSN codes are used to classify goods and services for taxation purposes in India. In this article, we will discuss the GST rates and HSN code for machines for wood.GST Rates for Machines For Wood: The GST rate for machines for wood is 18%. This rate is applicable to all types of machines for wood, whether they are imported or manufactured domestically. The 18% GST rate includes both the CGST (Central Goods and Services Tax) and SGST (State Goods and Services Tax) components.HSN Code for Machines For Wood: The HSN code for machines for wood is 8465. This code is used to classify machines for wood for the purpose of taxation. It is a 6-digit code that is used by the government to identify goods and services. Classification of Machines For Wood:Machines for wood can be classified into various categories based on their type and usage. Some of the most common types of machines for wood include:

1. Woodworking lathes

2. Circular saws

3. Planers

4. Jointers

5. Sanders

6. Drilling machines

7. Mortising machines

8. Wood routers

9. Band saws

10. Table saws

11. Scroll saws

12. Panel saws

13. Thickness planers

14. Edge banding machines

15. CNC routers

Each of these machines has a specific use and is classified based on its functionality. For example, woodworking lathes are used for turning wood, while circular saws are used for cutting wood. Planers are used to create smooth surfaces on wood, and jointers are used to create straight edges.Conclusion:In conclusion, it is essential to know the GST rates and HSN code applicable to machines for wood if you are in the business of manufacturing or trading such machines. The GST rate for machines for wood is 18%, and the HSN code for machines for wood is 8465. Understanding these classifications will help you comply with tax regulations and avoid any penalties or fines.This article discusses the GST rates and HSN code for machines for wood in India. The GST rate for machines for wood is 18%, and the HSN code for machines for wood is 8465. Understanding these classifications is essential for businesses that manufacture or trade in machines for wood.BusinessGST Rates

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