For builders and construction businesses, choosing the right materials is crucial for creating high-quality structures. Worked monumental building stone is one such material that is used by many businesses for its durability and aesthetic appeal. In this article, we will discuss the GST rates and HSN code for worked monumental building stone.
Worked monumental building stone is a type of natural stone that is used for architectural purposes such as construction of buildings, monuments, and sculptures. It is a durable and long-lasting material that can withstand various weather conditions and is resistant to erosion.
The GST rate for worked monumental building stone is 18%. This rate is applicable to all types of worked monumental building stone, including slabs, tiles, and blocks.
The HSN code for worked monumental building stone is 6802. This code is used for all types of worked monumental building stone, including granite, marble, sandstone, and limestone.
To calculate GST on worked monumental building stone, you need to know the cost of the material and the GST rate. Here is an example:
Suppose you purchase 100 sq. ft. of worked monumental building stone for Rs. 10,000. The GST rate for worked monumental building stone is 18%, so the GST amount will be:
Rs. 10,000 x 18/100 = Rs. 1,800
Therefore, the total cost of the material including GST will be:
Rs. 10,000 + Rs. 1,800 = Rs. 11,800
Worked monumental building stone is an essential material for builders and construction businesses. By understanding the GST rates and HSN code for worked monumental building stone, businesses can ensure that they are compliant with the tax laws and avoid any penalties. If you have any questions or need further clarification, please consult with a tax expert.
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