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Published on:
February 25, 2023
By
Harshini

Nickel Plates Sheets - GST Rates  HSN Code 7506

Nickel is a versatile metal that finds its usage in various industries like construction, engineering, and manufacturing. Nickel plates and sheets are two of the essential products made from this metal. It is essential to know the GST rates and HSN code for nickel plates and sheets for small and medium business owners and startup founders in India.

GST Rates for Nickel Plates and Sheets

Nickel plates and sheets fall under the category of non-ferrous metals, which are taxed at 18% GST. The GST rates for nickel plates and sheets come under HSN code 7506, which is the code for "Nickel Plates, Sheets, Strip, and Foil." It is essential to note that the GST rates for nickel plates and sheets might change depending on the government's policies.

Understanding HSN Code for Nickel Plates and Sheets

HSN stands for "Harmonized System of Nomenclature," which is a six-digit code used to classify goods worldwide. The HSN code for nickel plates and sheets is 7506. The first two digits of the code indicate the chapter number, followed by a two-digit heading number, and finally, a two-digit product number.The HSN code 7506 comes under Chapter 75, which is the chapter for "Base Metals and Articles of Base Metal." The heading number 75.06 is for "Nickel Plates, Sheets, Strip, and Foil." The product number 7506.11 is for "Nickel Plates and Sheets, of a thickness exceeding 0.15 mm."

Conclusion

In conclusion, nickel plates and sheets are essential materials used in various industries, and it is crucial to know the GST rates and HSN code for these products. The GST rates for nickel plates and sheets fall under the category of non-ferrous metals, which are taxed at 18% GST. The HSN code for nickel plates and sheets is 7506, with the product number 7506.11 for "Nickel Plates and Sheets, of a thickness exceeding 0.15 mm." Stay updated with the government's policies to stay informed about any changes in the GST rates for nickel plates and sheets.

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Updated on:
March 16, 2024