PREPARED DRIERS - GST RATES HSN CODE 3211

Prepared driers are used in the production of paints, varnishes and other coatings. These driers are used to accelerate the drying process and increase the hardness of the coating. Prepared driers are classified under HSN code 3211 and attract a GST rate of 18%.

GST Rates for Prepared Driers

Prepared driers are classified under HSN code 3211 and attract a GST rate of 18%. This rate is applicable for both the Central Goods and Services Tax (CGST) and the State Goods and Services Tax (SGST).

GST rates for prepared driers are subject to change as per the GST council’s recommendations. Business owners and startup founders must stay updated with the latest GST rates for prepared driers to avoid any legal complications.

HSN Code for Prepared Driers

HSN code 3211 is used to classify prepared driers. HSN code is a harmonized system of nomenclature that is used to classify goods under the GST system. All goods and services are assigned an HSN code for easy identification and taxation.

HSN code 3211 specifically refers to prepared driers, which are used in the production of paints, varnishes and other coatings. Business owners and startup founders must ensure that they use the correct HSN code for prepared driers when filing their GST returns.

Conclusion

Prepared driers are used in the production of paints, varnishes and other coatings. These driers are classified under HSN code 3211 and attract a GST rate of 18%. Business owners and startup founders must stay updated with the latest GST rates and HSN codes for prepared driers to avoid any legal complications.