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Understanding GST on Stabilizers: HSN Code and Applicable Rates

This article clarifies the application of Goods and Services Tax (GST) on voltage stabilizers in India. It details how these devices are classified under HSN code 8504, a global standard for product categorization. The piece outlines the specific HSN code and GST rate for stabilizers and discusses the conditions under which businesses can claim Input Tax Credit on these purchases.

📖 1 min read read🏷️ GST Rates

In India, the Goods and Services Tax (GST) applies to the production and sale of voltage regulators and stabilizers. These devices are assigned HSN code 8504, a globally recognized classification system for standardizing product codes. This article explores the specific HSN code and GST rate for stabilizers, and examines the eligibility for claiming input tax credit on GST paid for these items.

HSN Code and GST Rates for Stabilizers

The table below details the HSN code and corresponding GST rate for stabilizers:

DescriptionHSN CodeGST%
Voltage regulators and stabilizers (non-automatic)8504404018%

Eligibility for Input Tax Credit on Stabilizers

Businesses may claim Input Tax Credit (ITC) for GST paid on stabilizers, provided the purchase is for business operations or advancement, and all conditions for claiming ITC are satisfied.

Further Reading

Frequently Asked Questions

What is the primary function of an HSN code in the GST system?
The HSN (Harmonized System of Nomenclature) code's primary function in GST is to standardize the classification of goods globally, simplifying tax processes and ensuring uniform application of GST rates.
How are GST rates for different goods and services determined in India?
GST rates for various goods and services in India are determined by the GST Council, which considers factors like essentiality, revenue implications, and previous tax structures.
Are all businesses eligible to claim Input Tax Credit (ITC) on their purchases?
Not all businesses are eligible to claim ITC on all purchases; eligibility typically depends on whether the goods or services are used for business purposes and if specific conditions under the GST law are met.
What are some key advantages of implementing the GST regime in India?
Key advantages of GST in India include simplifying the indirect tax structure, reducing the cascading effect of taxes, and creating a common national market for goods and services.
Where can taxpayers access official and reliable information regarding GST in India?
Taxpayers can access official and reliable GST information through the official GST portal (www.gst.gov.in) and publications from the Central Board of Indirect Taxes and Customs (CBIC).

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