Chapter 74 of the GST framework covers Copper And Articles Thereof, and HSN Code 74071090 specifically identifies Copper Bars, Rods And Profiles - Of Refined Copper :Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Copper Bars, Rods And Profiles - Of Refined Copper :Other. 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 74071090
For Copper Bars, Rods And Profiles - Of Refined Copper :Other classified under HSN Code 74071090, tax computation follows GST principles. CGST at 0.09 plus SGST/UTGST at 0.09 covers intrastate sales. IGST at 0.18 applies to interstate transactions. kg. is the prescribed measurement for Copper And Articles Thereof under Chapter 74.
Who Should Use HSN Code 74071090?
Any business engaged in supplying Copper Bars, Rods And Profiles - Of Refined Copper :Other must apply HSN 74071090 on invoices. The Copper And Articles Thereof category under Chapter 74 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Planning to trade in Copper Bars, Rods And Profiles - Of Refined Copper :Other? Complete GST registration to legally collect taxes on goods under HSN 74071090. 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
Accurate application of HSN Code 74071090 for Copper Bars, Rods And Profiles - Of Refined Copper :Other enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 74 – Copper And Articles Thereof should monitor rate updates (0.09, 0.09, 0.18) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
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 74071090 for accurate classification of Copper Bars, Rods And Profiles - Of Refined Copper :Other.
Yes, registered businesses can claim input tax credit on Copper Bars, Rods And Profiles - Of Refined Copper :Other purchases made under HSN 74071090. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Copper Bars, Rods And Profiles - Of Refined Copper :Other is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export Copper Bars, Rods And Profiles - Of Refined Copper :Other internationally. For domestic trade within Copper And Articles Thereof, GST registration is sufficient.