GST RATE FOR MACHINED CASTINGS.
Query (Issue) Started By: – sanjeev jadhav Dated:- 6-7-2017 Last Reply Date:- 7-7-2017 Goods and Services Tax – GST
Got 6 Replies
GST
Dear Experts, We are manufacturer of Other Cast articles of Iron / Steel / St-Steel falling under HSN Code No. 73259910 / 73259920 / 73259930 respectively. For some of castings we are making proof machine and finish Machining. We are in confusion about HSN Code for Machined Castings. Can you please help me which HS code will be applicable for Machined castings and rate of GST for machined castings.
Reply By KASTURI SETHI:
The Reply:
Above Chapter/Heading/Sub-heading Notes/HSN codes are correct for machined castings. Regarding GST rates of machined castings, these
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
KASTURI SETHI:
The Reply:
Sh.Madan Raheja, an expert has thrown light on the issue. Thanks for his efforts.
There is no doubt about classification of the goods i.e. machined castings. Doubt about GST rate arises because all relevant websites (including CBEC's site) misses only 7325 99 10, 73259920, 73259930. I mean to say only 73.25 is missing everywhere. Specific entry is required.In such a situation, the words "Not elsewhere specified" may not be applicable and may not serve the purpose. Still it is not clear-cut picture.
Reply By MADAN RAHEJA:
The Reply:
In my opinion, legal provisions are very clear. After 1st July, 2017, when GST became operative, it cannot be said that rates of tax on any goods has not yet been dec
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =