If you are in the business of manufacturing or supplying railway track fixtures, you may be wondering what the GST rates and HSN code for this product category are. In this article, we will take a closer look at these rates and codes to help you better understand how they apply to your business.
Railway track fixtures are components used in the construction and maintenance of railway tracks. They are used to ensure that the track is properly aligned, level, and securely fastened to the ground. Examples of railway track fixtures include sleepers, rail clips, fish plates, and bolts.
The GST rates for railway track fixtures depend on the specific type of product. The following rates apply:
1. 5% GST rate applies to wooden sleepers for railway tracks (HSN code 8608 10).
2. 18% GST rate applies to all other railway track fixtures (HSN code 8608 90).
It's important to note that these rates are subject to change, so it's always a good idea to double-check with the official GST portal to ensure that you are applying the correct rates to your products.
The HSN code for railway track fixtures is 8608. This code is used to classify goods for taxation purposes. It's important to note that the HSN code for wooden sleepers is slightly different (8608 10).
When filing your GST returns, it's important to use the correct HSN code for your products. Using the wrong code can result in penalties and fines, so it's always a good idea to double-check the code with the official GST portal.
Railway track fixtures are an important component in the construction and maintenance of railway tracks. If you are in the business of manufacturing or supplying these fixtures, it's important to understand the GST rates and HSN code for this product category to ensure that you are complying with the law and avoiding any penalties or fines.
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