74040022 is the designated HSN classification for Copper Waste And Scrap - Copper Waste And Scrap: Of Copper Alloys : Brass Scrap, Namely The Following : Refinery Brass Scrap Covered By Isri Code Word Drink; Composition Of Red Brass Scrap Covered By Isri Code Word Ebony; Red Brass Composition Turnings S..., categorized under Chapter 74 – Copper And Articles Thereof in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Copper Waste And Scrap - Copper Waste And Scrap: Of Copper Alloys : Brass Scrap, Namely The Following : Refinery Brass Scrap Covered By Isri Code Word Drink; Composition Of Red Brass Scrap Covered By Isri Code Word Ebony; Red Brass Composition Turnings S... must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Quantities are measured in kg. for billing purposes.
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... | 74031300 | 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 |
GST Rates for HSN 74040022
Goods classified as Copper Waste And Scrap - Copper Waste And Scrap: Of Copper Alloys : Brass Scrap, Namely The Following : Refinery Brass Scrap Covered By Isri Code Word Drink; Composition Of Red Brass Scrap Covered By Isri Code Word Ebony; Red Brass Composition Turnings S... under HSN 74040022 are taxed based on transaction type. Local sales attract CGST at 0.09 plus SGST/UTGST at 0.09. For supplies crossing state boundaries, IGST at 0.18 applies. Documentation must reflect kg. as the measurement standard for Chapter 74 – Copper And Articles Thereof products.
Who Should Use HSN Code 74040022?
All businesses supplying Copper Waste And Scrap - Copper Waste And Scrap: Of Copper Alloys : Brass Scrap, Namely The Following : Refinery Brass Scrap Covered By Isri Code Word Drink; Composition Of Red Brass Scrap Covered By Isri Code Word Ebony; Red Brass Composition Turnings S... are obligated to use HSN 74040022 on tax invoices. From producers to retailers within Copper And Articles Thereof, Chapter 74 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Planning to trade in Copper Waste And Scrap - Copper Waste And Scrap: Of Copper Alloys : Brass Scrap, Namely The Following : Refinery Brass Scrap Covered By Isri Code Word Drink; Composition Of Red Brass Scrap Covered By Isri Code Word Ebony; Red Brass Composition Turnings S...? Complete GST registration to legally collect taxes on goods under HSN 74040022. 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
Correct HSN Code 74040022 application for Copper Waste And Scrap - Copper Waste And Scrap: Of Copper Alloys : Brass Scrap, Namely The Following : Refinery Brass Scrap Covered By Isri Code Word Drink; Composition Of Red Brass Scrap Covered By Isri Code Word Ebony; Red Brass Composition Turnings S... ensures smooth input credit utilization and assessment processes. Track 0.09, 0.09, and 0.18 rate changes for Chapter 74 – Copper And Articles Thereof through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
HSN Code 74040022 is used to classify Copper Waste And Scrap - Copper Waste And Scrap: Of Copper Alloys : Brass Scrap, Namely The Following : Refinery Brass Scrap Covered By Isri Code Word Drink; Composition Of Red Brass Scrap Covered By Isri Code Word Ebony; Red Brass Composition Turnings S... under Chapter 74 – Copper And Articles Thereof for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Copper Waste And Scrap - Copper Waste And Scrap: Of Copper Alloys : Brass Scrap, Namely The Following : Refinery Brass Scrap Covered By Isri Code Word Drink; Composition Of Red Brass Scrap Covered By Isri Code Word Ebony; Red Brass Composition Turnings S..., CGST applies at 0.09 and SGST/UTGST at 0.09 for intrastate supplies. Interstate transactions are taxed under IGST at 0.18.
Yes, GST registration is mandatory for businesses dealing in Copper Waste And Scrap - Copper Waste And Scrap: Of Copper Alloys : Brass Scrap, Namely The Following : Refinery Brass Scrap Covered By Isri Code Word Drink; Composition Of Red Brass Scrap Covered By Isri Code Word Ebony; Red Brass Composition Turnings S... under HSN 74040022. This enables you to legally collect taxes and claim input credits on purchases.
For importing goods under Copper And Articles Thereof, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.