Time switches are used in the automation of lighting, heating, ventilation, and air conditioning systems to save energy, improve security, and enhance convenience. They are devices that turn on and off electrical circuits at pre-set times or under specific conditions, such as when a room is unoccupied or when it gets dark outside. Time switches are commonly used in homes, offices, schools, hospitals, and factories.
When it comes to GST rates and HSN Codes for time switches, there are a few things that small and medium business owners as well as startup founders need to keep in mind. In this article, we will discuss everything you need to know about time switches and their relevant GST rates and HSN codes in India.
Time switches, also known as timer switches, are electrical devices that are used to control the flow of electricity for a specific amount of time. They can be programmed to turn on or off at specific times, or they can be triggered by an external event such as a motion sensor or light sensor. Time switches are commonly used in homes, offices, and public buildings to save energy by turning off lights and other appliances when they are not needed.
1. Mechanical time switches
2. Digital time switches
3. Astronomical time switches
4. Programmable time switches
As per the latest GST rates in India, time switches fall under the category of electrical apparatus for switching or protecting electrical circuits, which falls under the 28% tax slab.
This means that if you are a small or medium business owner or a startup founder looking to buy time switches for your business, you will have to pay a GST rate of 28% on the purchase price of the time switches.
HSN codes, or Harmonized System of Nomenclature codes, are used to classify goods under the GST regime in India. The HSN code for time switches is 9107.
HSN Code 9107 pertains to clocks with watch movements, including clocks with devices for measuring intervals of time, with or without accompanying instruments or appliances, and time switches with clock or watch movement or with synchronous motor.
If you are a small or medium business owner or a startup founder looking to sell time switches, you will have to enter the HSN code 9107 when filing your GST returns.
Time switches are an essential part of modern electrical systems, and they can help small and medium businesses as well as startup founders save energy and reduce costs. When it comes to GST rates and HSN codes for time switches, it is important to keep in mind that they fall under the 28% tax slab and are classified under HSN code 9107 in India.
By understanding the relevant GST rates and HSN codes for time switches, small and medium business owners as well as startup founders can ensure that they are compliant with the GST regime in India and avoid any penalties or fines.
Which ITR to file? Types, Download etc.
Taxability of Freight on Agricultural Produce under GST
Imports and Exports under the Goods and Services Tax (GST) Act