HSN Code 70151020 provides the tax classification for Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti... under Chapter 70 – Glass And Glassware of the GST tariff. Businesses dealing in Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti... must use this code for proper invoicing and return filing. Applicable taxes include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00%. The recognized unit of measurement is N.a.

HSN Codes under Chapter 70 – Glass And Glassware

Below are related HSN codes from Chapter 70 – Glass And Glassware for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Glass And Glassware... 70010010 Cullet And Other Waste And Scrap Of Glass; Glass I... 2.50% 2.50% 5.00%
Glass And Glassware... 70010020 Cullet And Other Waste And Scrap Of Glass; Glass I... 2.50% 2.50% 5.00%
Glass And Glassware... 70010090 Cullet And Other Waste And Scrap Of Glass; Glass I... 0.025 0.025 0.05
Glass And Glassware... 70021000 Glass In Balls (Other Than Microspheres Of Heading... 0.09 0.09 0.18
Glass And Glassware... 70022010 Glass In Balls (Other Than Microspheres Of Heading... 9.00% 9.00% 18.00%
Glass And Glassware... 70022090 Glass In Balls (Other Than Microspheres Of Heading... 0.09 0.09 0.18
Glass And Glassware... 70023100 Glass In Balls (Other Than Microspheres Of Heading... 0.09 0.09 0.18
Glass And Glassware... 70023200 Glass In Balls (Other Than Microspheres Of Heading... 0.09 0.09 0.18
Glass And Glassware... 70023900 Glass In Balls (Other Than Microspheres Of Heading... 0.09 0.09 0.18
Glass And Glassware... 70031210 Cast Glass And Rolled Glass, In Sheets Or Profiles... 9.00% 9.00% 18.00%

GST Rates for HSN 70151020

Goods classified as Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti... under HSN 70151020 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect N.a as the measurement standard for Chapter 70 – Glass And Glassware products.

Who Should Use HSN Code 70151020?

Manufacturers, wholesalers, retailers, and exporters dealing in Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti... are required to mention HSN 70151020 on all tax documents. This classification under Glass And Glassware applies to businesses of all sizes operating within Chapter 70. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Starting a business involving Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti...? GST registration is mandatory for collecting and remitting taxes on HSN 70151020 goods. Companies planning international trade within Glass And Glassware must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.

Why Correct Classification Matters

Accurate HSN Code 70151020 usage for Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti... simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 70 – Glass And Glassware to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 70151020 should I mention on invoices?

The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 70151020 for accurate classification of Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti....

Can I claim input tax credit on Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti... purchases?

Yes, registered businesses can claim input tax credit on Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti... purchases made under HSN 70151020. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.

What is the difference between CGST and IGST for HSN 70151020?

CGST at 9.00% plus SGST/UTGST at 9.00% applies when Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti... is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti... domestically?

No, Import Export Code is only required if you plan to import or export Clock Or Watch Glasses And Similar Glasses, Glasses For Non-Corrective Or Corrective Spectacles, Curved, Bent, Hollowed Or The Like; Not Optically Worked; Hollow Glass Spheres And Their Segments, For The Manufacture Of Such Glasses - Glasses For Correcti... internationally. For domestic trade within Glass And Glassware, GST registration is sufficient.

More HSN codes from Chapter 70

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