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February 25, 2023
By
Harshini

Natural Steatite - GST Rates  HSN Code 2526

Natural Steatite is a mineral that is commonly used in a wide range of industrial and commercial applications. It is a type of talc that is composed of magnesium silicate and is known for its high heat resistance and dielectric properties. In this article, we will explore the GST rates and HSN code for natural steatite.

Understanding GST Rates for Natural Steatite

GST or Goods and Services Tax is a tax that is levied on the supply of goods and services in India. The GST rates for natural steatite fall under the HSN code 2526. The GST rates for natural steatite depend on the form in which it is supplied and the purpose for which it is used.

If natural steatite is supplied in its raw form, i.e. unprocessed or unmanufactured, it is exempt from GST. This means that no GST is applicable on the supply of raw natural steatite.

However, if natural steatite is supplied in a processed or manufactured form, it is subject to GST. The GST rates for natural steatite vary depending on the purpose for which it is used.

If natural steatite is used for industrial purposes, the GST rate is 18%. This includes natural steatite that is used for the manufacture of ceramic products, refractory products, electrical insulators, and other industrial applications.

If natural steatite is used for commercial purposes, the GST rate is 5%. This includes natural steatite that is used for cosmetic products, food products, and other commercial applications.

Understanding HSN Code for Natural Steatite

HSN or Harmonized System of Nomenclature is a system of classification of goods that is used for taxation purposes. The HSN code for natural steatite is 2526. The HSN code is used to classify natural steatite based on its form and purpose of use.

The HSN code for natural steatite includes the following subcategories:

  • 2526.10 - Natural steatite, whether or not crushed or powdered
  • 2526.20 - Natural steatite, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape
  • 2526.90 - Other

The HSN code for natural steatite is important for businesses that deal with natural steatite in any form. It helps in the proper classification of natural steatite for taxation purposes and ensures that the correct GST rate is applied on the supply of natural steatite.

Conclusion

In conclusion, natural steatite is a mineral that is used in a wide range of industrial and commercial applications. The GST rates and HSN code for natural steatite depend on the form in which it is supplied and the purpose for which it is used. It is important for businesses that deal with natural steatite to understand the GST rates and HSN code to ensure that they are compliant with the tax regulations in India.

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