Tin Tubes Pipes Fittings - GST Rates HSN CODE 8006

If you are involved in the manufacturing or sale of Tin Tubes, Pipes and Fittings, it is important to be aware of the recent changes in the GST rates and HSN codes. The government has introduced a new GST regime that has a significant impact on businesses across India. In this article, we will provide you with a complete guide to the GST rates and HSN code for Tin Tubes, Pipes and Fittings.

HSN Code for Tin Tubes, Pipes and Fittings

The HSN (Harmonized System of Nomenclature) code for Tin Tubes, Pipes and Fittings is 8006. This code is used to classify the products for taxation purposes. The HSN code for Tin Tubes, Pipes and Fittings is important as it helps businesses to comply with the GST regulations.

GST Rates for Tin Tubes, Pipes and Fittings

The GST rates for Tin Tubes, Pipes and Fittings have been revised recently.

The new rates are as follows:

1. Tin Tubes and Pipes: 18%

2. Tin Fittings: 28%

It is important to note that the above rates are subject to change, and businesses should keep themselves updated with the latest GST rates.

Impact of GST Rates on Businesses

The new GST regime has a significant impact on businesses that are involved in the manufacture or sale of Tin Tubes, Pipes and Fittings. The revised GST rates have resulted in an increase in the tax liability for businesses that deal with Tin Fittings. However, the GST rates for Tin Tubes and Pipes have remained unchanged.Businesses that deal with Tin Fittings may need to revise their prices to accommodate the increase in the tax liability. This may result in a decrease in the demand for their products, as customers may switch to cheaper alternatives.

Conclusion

In conclusion, the GST rates and HSN code for Tin Tubes, Pipes and Fittings play a crucial role in ensuring compliance with the government regulations. Businesses that are involved in the manufacture or sale of Tin Tubes, Pipes and Fittings should stay updated with the latest GST rates to avoid any penalties. The impact of the revised GST rates on businesses needs to be carefully evaluated, and suitable measures need to be taken to manage the tax liability.