A pump is a crucial component of various industrial processes that involve the transportation of liquids. It is used to move fluids from one place to another, and it plays a significant role in the functioning of various industries. In the Indian market, pumps for liquids are classified under the Harmonized System of Nomenclature (HSN) code 8413.
The GST rates for pumps for liquids vary depending on the type of pump and its intended use. In this article, we will discuss the different types of pumps, their HSN codes, and the applicable GST rates.
There are various types of pumps for liquids, and they can be broadly classified into two categories:
These pumps work by trapping a fixed amount of liquid and then forcing it through the pump's discharge port. They are commonly used for the transportation of hhigh-viscosityliquids such as oils, syrups, and slurries. The different types of positive displacement pumps include:
a. Rotary pumps
b. Reciprocating pumps
c. Diaphragm pumps
These pumps use the energy of a moving fluid to create the pressure needed to move the liquid. They are commonly used for low viscosity liquids such as water, solvents, and chemicals. The different types of dynamic pumps include:
a. Centrifugal pumps
b. Axial flow pumps
c. Mixed flow pumps
d. Jet pumps
The HSN code for pumps for liquids is 8413. The GST rates for pumps for liquids vary depending on the type of pump and its intended use. The following table outlines the GST rates for pumps for liquids:
Type of Pump> Intended Use> GST Rate> Positive Displacement
Pumps Used for agricultural purposes > 5%> Positive Displacement
Pumps Used for industrial purposes>18%
Dynamic Pumps Used for agricultural purposes> 5% Dynamic
Pumps Used for industrial purposes> 18%
Pumps for liquids play a crucial role in the functioning of various industries. The GST rates for these pumps vary depending on the type of pump and its intended use. Small and medium business owners and startup founders who deal with pumps for liquids should be aware of the applicable GST rates and HSN codes to avoid any compliance-related issues.
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