Inverter HSN Code
GST rates and HSN code for Inverter.
| Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate Revision |
|---|---|---|---|---|---|---|
| Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles | Electrical Transformers, Static Converters (For Example, Rectifiers) And Inductors -Static Converters: Electric Inverter | 85044010 | 18% | – | 01/08/2019 15/11/2017 1/07/2017 | – |
Inverter HSN Code and Understanding its GST Rate
In an era increasingly reliant on uninterrupted power supply, inverters have become essential devices. For businesses dealing with electrical equipment, understanding the correct Harmonized System of Nomenclature (HSN) code for inverters is crucial for accurate Goods and Services Tax (GST) compliance. Let’s explore the HSN code for inverters based on the provided data.
Identifying HSN Code for Electric Inverters
According to the provided data, electric inverters are classified under Chapter 85, which covers “Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles.” The specific HSN code for electric inverters, categorized as static converters, is 85044010.
Understanding Applicable GST Rate on Electric Inverters
The Goods and Services Tax (GST) rate applicable to electric inverters under HSN code 85044010 is 18%. There is currently no CESS levied on these devices. This GST rate has been effective since July 1, 2017, with subsequent reaffirmations on November 15, 2017, and August 1, 2019, indicating no change in the rate.
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