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Published on:
February 25, 2023
By
Paramita

Understanding GST rates and HSN code for Prepared Rubber Accelerators in India

As a small or medium business owner in India, it is essential to understand the Goods and Services Tax (GST) rates and HSN codes for the products and services you deal with. In this article, we will discuss the GST rates and HSN code for Prepared Rubber Accelerators.

What are Prepared Rubber Accelerators?

Prepared Rubber Accelerators are chemical substances that promote the vulcanization of rubber. They are used in the rubber industry to speed up the curing process and improve the quality of rubber products. Prepared Rubber Accelerators are classified under Chapter 38 of the Harmonized System of Nomenclature (HSN) code.

GST Rates for Prepared Rubber Accelerators

The GST rate for Prepared Rubber Accelerators is 18%. This means that businesses involved in the manufacture, sale, or import of Prepared Rubber Accelerators will have to pay 18% tax on the product. This rate is applicable to both natural and synthetic rubber accelerators.

It is important to note that GST rates are subject to change as per the decision of the GST Council. Therefore, businesses dealing with Prepared Rubber Accelerators must stay updated with the latest GST rates.

HSN Code for Prepared Rubber Accelerators

The HSN code for Prepared Rubber Accelerators is 3812. This code is used to identify Prepared Rubber Accelerators in India for the purpose of taxation.

The HSN code for Prepared Rubber Accelerators includes the following:

  • Prepared Rubber Accelerators in any form
  • Compound plasticizers for rubber or plastics
  • Accelerators for Vulcanization of Rubber

Conclusion

As a business owner dealing with Prepared Rubber Accelerators, it is essential to understand the GST rates and HSN code for the product. The GST rate for Prepared Rubber Accelerators is 18%, and the HSN code is 3812. Staying updated with the latest GST rates is crucial to ensure compliance with the law and avoid any penalties or fines.

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