Chapter 74 of the GST framework covers Copper And Articles Thereof, and HSN Code 74031300 specifically identifies Refined Copper And Copper Alloys, Unwrought - Refined Copper : Billets for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Refined Copper And Copper Alloys, Unwrought - Refined Copper : Billets. Tax rates applicable include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18 for interstate movements. The standard unit of measurement is kg..
HSN Codes under Chapter 74 – Copper And Articles Thereof
Below are related HSN codes from Chapter 74 – Copper And Articles Thereof for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Copper And Articles Thereof... | 74010010 | Copper Mattes; Cement Copper (Precipitated Copper)... | 9.00% | 9.00% | 18.00% |
| Copper And Articles Thereof... | 74010090 | Copper Mattes; Cement Copper (Precipitated Copper)... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74011000 | Copper Mattes; Cement Copper (Precipitated Copper)... | N.a. | N.a. | N.a. |
| Copper And Articles Thereof... | 74012000 | Copper Mattes; Cement Copper (Precipitated Copper)... | N.a. | N.a. | N.a. |
| Copper And Articles Thereof... | 74020010 | Unrefined Copper; Copper Anodes For Electrolytic R... | 9.00% | 9.00% | 18.00% |
| Copper And Articles Thereof... | 74020090 | Unrefined Copper; Copper Anodes For Electrolytic R... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031100 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031200 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74031900 | Refined Copper And Copper Alloys, Unwrought - Refi... | 0.09 | 0.09 | 0.18 |
| Copper And Articles Thereof... | 74032100 | Refined Copper And Copper Alloys, Unwrought - Copp... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 74031300
The taxation of Refined Copper And Copper Alloys, Unwrought - Refined Copper : Billets under HSN Code 74031300 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use kg. for Copper And Articles Thereof goods under Chapter 74.
Who Should Use HSN Code 74031300?
Every entity transacting in Refined Copper And Copper Alloys, Unwrought - Refined Copper : Billets must quote HSN Code 74031300 on invoices. This includes traders, distributors, and e-commerce sellers operating under Copper And Articles Thereof. Chapter 74 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Planning to trade in Refined Copper And Copper Alloys, Unwrought - Refined Copper : Billets? Complete GST registration to legally collect taxes on goods under HSN 74031300. Businesses importing or exporting Copper And Articles Thereof products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Proper use of HSN Code 74031300 for Refined Copper And Copper Alloys, Unwrought - Refined Copper : Billets streamlines audit processes and supports valid credit claims. Stay updated on 0.09, 0.09, and 0.18 rates for Chapter 74 – Copper And Articles Thereof through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
HSN Code 74031300 falls under Chapter 74 – Copper And Articles Thereof in the GST tariff schedule. This chapter covers various goods including Refined Copper And Copper Alloys, Unwrought - Refined Copper : Billets.
Yes, IGST at 0.18 is applicable when Refined Copper And Copper Alloys, Unwrought - Refined Copper : Billets is supplied interstate or imported. For local sales within a state, CGST at 0.09 and SGST/UTGST at 0.09 apply instead.
Yes, e-commerce sellers dealing in Refined Copper And Copper Alloys, Unwrought - Refined Copper : Billets must use HSN 74031300 on their invoices. This applies to all online platforms operating under Copper And Articles Thereof classification.
To import goods under Copper And Articles Thereof, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.