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.
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.
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.
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:
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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