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Published on:
February 25, 2023
By
Pranjal Gupta

The Various GST Rates and HSN Code for Pulley Tackle

When it comes to the use of Pulley Tackle, it is essential to understand the various GST rates and HSN codes associated with it. If you are a small or medium business owner or a startup founder, then it is imperative to learn about these so that you can comply with the applicable rules and regulations.

Understanding Pulley Tackle

A pulley tackle is a tool that uses a combination of pulleys to move heavy loads with ease. It is commonly used in various industries, including construction, shipping, and transport. This tool is designed to lift heavy loads and move them from one place to another.

While the concept of pulley tackle is relatively simple, it is essential to understand its various components to use it effectively. The tool consists of a pulley, rope, and hook. All of these components work together to create a mechanical advantage and make it easier to lift heavy loads.

GST Rates for Pulley Tackle

When it comes to the GST rates for pulley tackle, the applicable rate is 18%. This rate is applicable to all types of pulley tackle and is the same across the country. The GST rate applies to both the sale and purchase of pulley tackle.

The 18% GST rate is a standard rate that is applicable to most goods and services in India. It is important to note that the GST rate for pulley tackle may change in the future due to changes in GST laws and regulations. Therefore, it is crucial to stay updated on any updates or changes in the applicable GST rates for pulley tackle.

HSN Code for Pulley Tackle

The HSN code for pulley tackle is 8425. This code is used to classify goods for taxation purposes. The HSN code is a six-digit code that is used to identify products and services for taxation purposes.

The HSN code for pulley tackle is the same across the country and is used to identify all types of pulley tackle. The code is used by businesses to calculate GST and file GST returns. It is important to use the correct HSN code when filing GST returns to avoid any penalties or fines.

Conclusion

In conclusion, understanding the various GST rates and HSN code for pulley tackle is essential for any small or medium business owner or startup founder that uses this tool. Knowing the applicable GST rate and HSN code will help you comply with the applicable laws and regulations and avoid any penalties or fines.

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