Q What will be classification of two wheelers chain and applicable GST rate ?
1 As per the HS explanatory notes, HS code 7315 includes :—
(a)Transmission chains for cycles, automobiles or machinery.
(b)Anchor or mooring chains; lifting, haulage or towing chains; automobile skid chains.
(c)Mattress chains, chains for sink stoppers, lavatory cisterns, etc.
(d) All these chains may be fitted with terminal parts or accessories (e.g., hooks, spring hooks, swivels, shackles, sockets, rings and split rings and tee pieces).
(e)Thev may or may not be cut to lenath, or obviously intended for particular uses.
2 Thus, two wheeler chains fall under HS code 7315 and attracts 18% GST.
Related Topic on GST
|GST Acts||Central GST Act and States GST Acts|
|GST Rules||GST Rules|
|GST Forms||GST Forms|
|GST Rates||GST Rates|
|GST Notifications||GST Act Notifications|
|GST Circulars||GST Circulars|
|GST Judgments||GST Judgments|
|GST Press Release||GST Press Release|
|GST Books||Best Books on GST in India|
|GST Commentary||Topic wise Commentary on GST Act of India|
|GST You Tube Channel||TaxHeal You Tube Channel|
|GST Online Course||Join GST online Course|
|GST History||GST History and Background Material|