Chapter 74 of the GST framework covers Copper And Articles Thereof, and HSN Code 74062000 specifically identifies Copper Powders And Flakes - Powders Of Lamellar Structure; Flakes for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Copper Powders And Flakes - Powders Of Lamellar Structure; Flakes. 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... | 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 74062000
The tax structure for Copper Powders And Flakes - Powders Of Lamellar Structure; Flakes under HSN Code 74062000 follows a dual taxation model. CGST is levied at 0.09 and SGST/UTGST at 0.09 for intrastate sales. Interstate transactions attract IGST at 0.18. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 74 – Copper And Articles Thereof.
Who Should Use HSN Code 74062000?
All businesses supplying Copper Powders And Flakes - Powders Of Lamellar Structure; Flakes are obligated to use HSN 74062000 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
Entering the Copper Powders And Flakes - Powders Of Lamellar Structure; Flakes market requires essential registrations. GST registration enables legal tax collection on HSN 74062000 goods. For cross-border trade in Copper And Articles Thereof items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Proper use of HSN Code 74062000 for Copper Powders And Flakes - Powders Of Lamellar Structure; Flakes 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 74062000 is used to classify Copper Powders And Flakes - Powders Of Lamellar Structure; Flakes 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 Powders And Flakes - Powders Of Lamellar Structure; Flakes, 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 Powders And Flakes - Powders Of Lamellar Structure; Flakes under HSN 74062000. 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.