Under the GST regime, HSN Code 78042000 classifies Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes within Chapter 78 – Lead And Articles Thereof. This code is essential for businesses to correctly calculate and remit taxes on Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes. The applicable rates are CGST at 0.09, SGST/UTGST at 0.09 for within-state sales, and IGST at 0.18 for interstate supplies. Goods are quantified using kg..

HSN Codes under Chapter 78 – Lead And Articles Thereof

Below are related HSN codes from Chapter 78 – Lead And Articles Thereof for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Lead And Articles Thereof... 78011000 Unwrought Lead : Refined Lead 0.09 0.09 0.18
Lead And Articles Thereof... 78019100 Unwrought Lead - Other: Containing By Weight Antim... 0.09 0.09 0.18
Lead And Articles Thereof... 78019910 Unwrought Lead - Other: Other: Pig Lead 9.00% 9.00% 18.00%
Lead And Articles Thereof... 78019920 Unwrought Lead - Other: Other: Unrefined Lead 9.00% 9.00% 18.00%
Lead And Articles Thereof... 78019930 Unwrought Lead - Other: Other: Unrefined Lead Allo... 9.00% 9.00% 18.00%
Lead And Articles Thereof... 78019990 Unwrought Lead - Other: Other: Other 0.09 0.09 0.18
Lead And Articles Thereof... 78020010 Lead Waste And Scrap - Lead Waste And Scrap: Lead ... 9.00% 9.00% 18.00%
Lead And Articles Thereof... 78020090 Lead Waste And Scrap - Lead Waste And Scrap: Other 0.09 0.09 0.18
Lead And Articles Thereof... 78041110 Lead Plates, Sheets, Strip And Foil; Lead Powders ... N.a. N.a. N.a.
Lead And Articles Thereof... 78041120 Lead Plates, Sheets, Strip And Foil; Lead Powders ... N.a. N.a. N.a.

GST Rates for HSN 78042000

The taxation of Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes under HSN Code 78042000 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use kg. for Lead And Articles Thereof goods under Chapter 78.

Who Should Use HSN Code 78042000?

All businesses supplying Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes are obligated to use HSN 78042000 on tax invoices. From producers to retailers within Lead And Articles Thereof, Chapter 78 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Looking to deal in Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes? GST registration is your first compliance requirement for HSN 78042000 goods. International traders in Lead And Articles Thereof products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.

Why Correct Classification Matters

Correct HSN Code 78042000 application for Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes ensures smooth input credit utilization and assessment processes. Track 0.09, 0.09, and 0.18 rate changes for Chapter 78 – Lead And Articles Thereof through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 78042000 used for?

HSN Code 78042000 is used to classify Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes under Chapter 78 – Lead And Articles Thereof for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 78042000?

For Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes, CGST applies at 0.09 and SGST/UTGST at 0.09 for intrastate supplies. Interstate transactions are taxed under IGST at 0.18.

Do I need GST registration to trade in Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes?

Yes, GST registration is mandatory for businesses dealing in Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes under HSN 78042000. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Lead Plates, Sheets, Strip And Foil; Lead Powders And Flakes : Powders And Flakes?

For importing goods under Lead And Articles Thereof, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 78

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