GST

HS Code and GST rate of parts of sewing machine is 8452 and attracts 18% GST under residual entry

HS Code and GST rate of parts of sewing machine is 8452 and attracts 18% GST under residual entry 

GST: You asked, We Answered Series FAQ

Question: What is HS Code and GST rate of parts of sewing machine?

Answer: HS Code for sewing machine is 8452% and it attracts GST rate of 12%. However, parts of sewing machine falling under HS Code 8452 attract 18% GST under the residual entry S. No. 453 of Schedule III of notification prescribing GST rates.

Share

Recent Posts

  • Income Tax

Related party transaction u/s 40A(2) shall be treated as bona fide, unless evading tax

Related party transaction u/s 40A(2) shall be treated as bona fide, unless AO finds that one of them is trying…

13 hours ago
  • Income Tax

‘Transfer of property’ not include ‘acquiring’ of property or ‘purchasing’ of property – ITAT

The word ‘transfer of property’ does not include ‘acquiring’ of property or ‘purchasing’ of property and only can be confined…

15 hours ago
  • Income Tax

AO was not justified in questioning cash withdrawals from bank account – ITAT

AO is not justified in questioning the cash withdrawals from bank account on the ground that the assessee had sufficient…

16 hours ago
  • Income Tax

Return/Balance sheet filed within limitation extended by SC to be considered within time

Return/Balance sheet to be considered as being within time if filed within timeline condoned by Hon'ble Supreme Court due to…

1 day ago
  • Income Tax

Satisfaction Note u/s 153C – term immediate cannot be extended to unreasonable delay

Satisfaction Note u/s 153C - term “immediate” cannot be extended to defeats the purpose of cost effective, efficient and expeditious…

2 days ago
  • Income Tax

Addition for rental income on accrual basis deleted as court case was pending

Addition for rental income on accrual basis deleted as assessee was pursuing a civil case against the tenant In a…

2 days ago