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Published on:
February 25, 2023
By
Prerna

Other Machinery Parts - GST Rates & HSN Code 8485

As an Indian small or medium business owner or startup founder, you are likely to encounter a wide range of machinery parts that you will need to purchase for your business. One such category of machinery parts is Other Machinery Parts. These parts are used in a wide range of industries and applications, including manufacturing, construction, and transportation.

When it comes to purchasing Other Machinery Parts, it is essential to understand the GST rates and HSN codes associated with these products. This knowledge will help you ensure that you are paying the correct amount of GST and that you are in compliance with all relevant tax regulations.

GST Rates for Other Machinery Parts

The GST rates for Other Machinery Parts vary depending on the type of part and its intended use. Here is a breakdown of the GST rates for various categories of Other Machinery Parts:

1. Parts of machinery for working rubber or plastics – 18%

2. Ball or roller bearings – 18%

3. Transmission shafts (including cam shafts and crank shafts) and cranks – 18%

4. Bearing housings and plain shaft bearings – 18%

5. Gears and gearing – 18%

6. Pulleys and flywheels, including pulley blocks – 18%

7. Clutches and shaft couplings – 18%

8. Other transmission shafts and cranks – 18%

9. Machinery parts, not containing electrical connectors – 18%

10. Other machinery parts, containing electrical connectors – 28%

It is important to note that these rates are subject to change based on updates to GST regulations. Therefore, it is always a good idea to consult with a tax professional or refer to the official GST website for the most up-to-date information.

HSN Codes for Other Machinery Parts

Another important aspect of purchasing Other Machinery Parts is understanding the associated HSN codes. HSN codes are used to classify goods and services for taxation purposes in India. Here are the HSN codes for various categories of Other Machinery Parts:

1. Parts of machinery for working rubber or plastics – 8485

2. Ball or roller bearings – 8482

3. Transmission shafts (including cam shafts and crank shafts) and cranks – 8483

4. Bearing housings and plain shaft bearings – 8483

5. Gears and gearing – 8483

6. Pulleys and flywheels, including pulley blocks – 8483

7. Clutches and shaft couplings – 8483

8. Other transmission shafts and cranks – 8483

9. Machinery parts, not containing electrical connectors – 8483

10. Other machinery parts, containing electrical connectors – 8536

It is important to ensure that you are using the correct HSN code when purchasing Other Machinery Parts to avoid any potential taxation issues.

Conclusion

As a small or medium business owner or startup founder in India, understanding the GST rates and HSN codes for Other Machinery Parts is essential for ensuring that you are in compliance with all relevant tax regulations. By familiarizing yourself with these rates and codes, you can make informed decisions when purchasing machinery parts for your business.

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Updated on:
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