74198040 is the designated HSN classification for Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles, categorized under Chapter 74 – Copper And Articles Thereof in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% 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 74198040
Tax liability for Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles under HSN 74198040 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 74 – Copper And Articles Thereof products must use kg..
Who Should Use HSN Code 74198040?
Traders, manufacturers, and importers of Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles are required to mention HSN Code 74198040 on all GST documents. This Copper And Articles Thereof classification under Chapter 74 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Planning to trade in Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles? Complete GST registration to legally collect taxes on goods under HSN 74198040. 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 74198040 for Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 74 – Copper And Articles Thereof through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 74198040 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 74198040 for accurate classification of Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles.
Can I claim input tax credit on Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles purchases?
Yes, registered businesses can claim input tax credit on Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles purchases made under HSN 74198040. 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 74198040?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles 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 Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles domestically?
No, Import Export Code is only required if you plan to import or export Copper And Articles Thereof~Other Articles Of Copper~Other~Copper Worked Articles internationally. For domestic trade within Copper And Articles Thereof, GST registration is sufficient.
