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Published on:
February 25, 2023
By
Prerna

Primary Cells - GST Rates & HSN Code 8506

Small and Medium-sized Enterprises (SMEs) and Startup founders in India need a better understanding of the GST rates and HSN code for Primary Cells. This article will provide detailed information on these topics to clear any doubts and increase awareness among business owners.

What are Primary Cells?

Primary cells are also known as non-rechargeable cells or primary batteries. They are the most commonly used type of battery and are available in different sizes and shapes. Primary cells are used in different applications, including toys, remote controls, flashlights, and medical devices.

GST Rates for Primary Cells

The Goods and Services Tax (GST) is an indirect tax applied to the supply of goods and services in India. The GST rate for primary cells is 18%. This rate is valid for all types of primary cells and applies to all business entities. However, there are some exemptions available for certain types of primary cells.

For instance, the GST rate for primary cells used in hearing aids, pacemakers, and other medical devices is 5%. This reduced rate is applicable to all business entities, and there is no threshold limit for this exemption.

HSN Code for Primary Cells

HSN stands for Harmonized System of Nomenclature. It is a classification system for goods that is used worldwide. The HSN code for primary cells is 8506, and it falls under the category of electrical machinery and equipment.

The HSN code for primary cells is mandatory for all businesses that are registered under the GST. It helps in the proper identification and classification of goods and services for the calculation of GST. Business owners should ensure that they mention the correct HSN code for primary cells in their GST returns to avoid any penalties or fines.

Conclusion

In conclusion, Primary cells are widely used in different applications and are available in different sizes and shapes. The GST rate for primary cells is 18%, but there are some exceptions available for certain types of primary cells. The HSN code for primary cells is 8506, and it is mandatory for all businesses that are registered under the GST. Business owners should ensure that they mention the correct HSN code for primary cells in their GST returns to avoid any penalties or fines.

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Updated on:
March 16, 2024