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Published on:
February 25, 2023
By
Prerna

TITANIUM - GST RATES & HSN CODE 8108

Titanium is a lightweight, strong, and corrosion-resistant metal that has many uses in industries like aerospace, manufacturing, and healthcare. It is also popular in jewelry making and is often used as a metal for wedding rings. Due to its widespread use, it is important to understand the GST rates and HSN code for Titanium. In this article, we will provide all the information you need to know about the same.

What is GST?

GST stands for Goods and Services Tax, which is an indirect tax levied on the supply of goods and services in India. It was implemented in India on 1st July 2017, replacing multiple indirect taxes previously levied by the central and state governments.

What is HSN?

HSN stands for Harmonized System of Nomenclature, which is an internationally accepted system of names and numbers used to classify goods traded across borders. In India, HSN codes are used to classify goods for taxation purposes.

GST rates for Titanium

Titanium falls under the category of non-ferrous metals and has a GST rate of 18%. This is the same GST rate applicable for other non-ferrous metals like copper and aluminum.

HSN code for Titanium

The HSN code for Titanium is 8108. This code is used for the classification of titanium and titanium alloys.

Conclusion

Titanium is a versatile metal with many uses in various industries. Understanding the GST rates and HSN code for Titanium is important for business owners and manufacturers who deal with this metal. As mentioned above, Titanium has a GST rate of 18% and falls under the HSN code 8108. We hope this article has been informative and helpful to you.

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Updated on:
March 16, 2024