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Published on:
February 25, 2023
By
Prudhvi Raj

Measuring Instruments - GST Rates  HSN Code 9031

Measuring instruments are devices used to measure physical quantities, such as temperature, distance, pressure, and more. These instruments are essential tools for various industries, including construction, manufacturing, and scientific research. In India, measuring instruments are classified under HSN code 9031, and their GST rates vary depending on their classification.

Understanding HSN Code 9031

HSN stands for harmonized system of nomenclature, and it is a globally recognized code system used to classify goods. HSN code 9031 pertains to measuring or checking instruments, appliances, and machines that are used to measure physical quantities.

GST Rates for Measuring Instruments

The GST rates for measuring instruments vary according to their classification under HSN code 9031. The following are the GST rates for measuring instruments:

1. Measuring or checking instruments, appliances, and machines not specified elsewhere in Chapter 90: 18%

2. Hydrometers and similar floating instruments, thermometers, pyrometers, hygrometers, barometers, and psychrometers recording or not recording: 18%

3. Automatic regulating or controlling instruments and apparatus: 18%

4. Micrometers, callipers, and gauges: 18%

5. Taximeters, mileometers, pedometers, and the like; speed indicators and tachometers, other than those of heading 9014 or 9015: 18%

6. Instruments and apparatus for measuring or detecting ionizing radiations: 18%

7. Balances of a sensitivity of 5 cg or better, with or without weights: 18%

8. Other balances: 28%

9. Spectrometers, spectrophotometers, and spectrographs using optical radiations (UV, visible, IR): 28%

Conclusion

Measuring instruments are essential tools for various industries, and their classification and GST rates are critical for the Indian economy. HSN code 9031 pertains to measuring or checking instruments, appliances, and machines that are used to measure physical quantities. The GST rates for measuring instruments vary according to their classification under HSN code 9031.

Measuring instruments are devices used to measure physical quantities, such as temperature, distance, pressure, and more. These instruments are essential tools for various industries, including construction, manufacturing, and scientific research. In India, measuring instruments are classified under HSN code 9031, and their GST rates vary depending on their classification.BusinessFinancemeasuring-instruments-gst-rates-hsn-code-9031-gst-rates-and-hsn-code-for-measuring-instruments

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Updated on:
March 16, 2024