HSN code 30049011 is mentioned for 5% rate of materials and also for 12% rate of materials. Why is like dat?
I came to know a there was official notifications from the department that 5% is for classical items and 12% is for Patent items. Can anyone please give the clarity on this otherwise share that circular?
Thanks
Menu
Same HSN code for two different rates
Replies (1)
It has been clarified that though both machine and parts are classified under the same HSN upto 4 digit, the rate of GST is different.
Recent Topics :
- Investment fund's income from ncd distribution to
- Cialis 20 mg – General Information About Tad
- Comparative BS PL with Audit report
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
Related Topics :
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
