Chapter 75 of the GST framework covers Nickel And Articles Thereof, and HSN Code 75022040 specifically identifies Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% for interstate movements. The standard unit of measurement is kg..
HSN Codes under Chapter 75 – Nickel And Articles Thereof
Below are related HSN codes from Chapter 75 – Nickel And Articles Thereof for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Nickel And Articles Thereof... | 75011000 | Nickel Mattes, Nickel Oxide Sinters And Other Inte... | 0.09 | 0.09 | 0.18 |
| Nickel And Articles Thereof... | 75012000 | Nickel Mattes, Nickel Oxide Sinters And Other Inte... | 0.09 | 0.09 | 0.18 |
| Nickel And Articles Thereof... | 75021000 | Unwrought Nickel - Nickel, Not Alloyed | 0.09 | 0.09 | 0.18 |
| Nickel And Articles Thereof... | 75022010 | Unwrought Nickel - Nickel Alloys :Cupro-Nickel Con... | 9.00% | 9.00% | 18.00% |
| Nickel And Articles Thereof... | 75022020 | Unwrought Nickel - Nickel Alloys :Monel Metal Incl... | 9.00% | 9.00% | 18.00% |
| Nickel And Articles Thereof... | 75022030 | Unwrought Nickel - Nickel Alloys :Nickel Alloys Co... | 9.00% | 9.00% | 18.00% |
| Nickel And Articles Thereof... | 75022090 | Unwrought Nickel - Nickel Alloys :Other | 0.09 | 0.09 | 0.18 |
| Nickel And Articles Thereof... | 75030010 | Nickel Waste And Scrap - Nickel Waste And Scrap : ... | 9.00% | 9.00% | 18.00% |
| Nickel And Articles Thereof... | 75030090 | Nickel Waste And Scrap - Nickel Waste And Scrap : ... | 0.09 | 0.09 | 0.18 |
| Nickel And Articles Thereof... | 75040000 | Nickel Powders And Flakes | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 75022040
Tax liability for Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel under HSN 75022040 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 75 – Nickel And Articles Thereof products must use kg..
Who Should Use HSN Code 75022040?
All businesses supplying Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel are obligated to use HSN 75022040 on tax invoices. From producers to retailers within Nickel And Articles Thereof, Chapter 75 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Starting a business involving Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel? GST registration is mandatory for collecting and remitting taxes on HSN 75022040 goods. Companies planning international trade within Nickel And Articles Thereof must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Proper use of HSN Code 75022040 for Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 75 – Nickel And Articles Thereof through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 75022040 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 75022040 for accurate classification of Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel.
Can I claim input tax credit on Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel purchases?
Yes, registered businesses can claim input tax credit on Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel purchases made under HSN 75022040. 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 75022040?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel 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 Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel domestically?
No, Import Export Code is only required if you plan to import or export Unwrought Nickel - Nickel Alloys :Nickel Alloys Containing More Than 10 % But Not More Than 40 % By Weight Of Nickel internationally. For domestic trade within Nickel And Articles Thereof, GST registration is sufficient.
