85023920 is the designated HSN classification for Electric Generating Sets And Rotary Converters - Other Generating Sets : - Other: Powered By Water Turbine, categorized under Chapter 85 – Electrical Machinery And Equi in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Electric Generating Sets And Rotary Converters - Other Generating Sets : - Other: Powered By Water Turbine 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 u for billing purposes.
HSN Codes under Chapter 85 – Electrical Machinery And Equi
Below are related HSN codes from Chapter 85 – Electrical Machinery And Equi for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Electrical Machinery And Equi... | 85011011 | Electric Motors And Generators (Excluding Generati... | N.a. | N.a. | N.a. |
| Electrical Machinery And Equi... | 85011012 | Electric Motors And Generators (Excluding Generati... | N.a. | N.a. | N.a. |
| Electrical Machinery And Equi... | 85011013 | Electric Motors And Generators (Excluding Generati... | N.a. | N.a. | N.a. |
| Electrical Machinery And Equi... | 85011019 | Electric Motors And Generators (Excluding Generati... | N.a. | N.a. | N.a. |
| Electrical Machinery And Equi... | 85011020 | Electric Motors And Generators (Excluding Generati... | N.a. | N.a. | N.a. |
| Electrical Machinery And Equi... | 85012000 | Electric Motors And Generators (Excluding Generati... | 0.09 | 0.09 | 0.18 |
| Electrical Machinery And Equi... | 85013111 | Electric Motors And Generators (Excluding Generati... | 9.00% | 9.00% | 18.00% |
| Electrical Machinery And Equi... | 85013112 | Electric Motors And Generators (Excluding Generati... | 9.00% | 9.00% | 18.00% |
| Electrical Machinery And Equi... | 85013113 | Electric Motors And Generators (Excluding Generati... | 9.00% | 9.00% | 18.00% |
| Electrical Machinery And Equi... | 85013119 | Electric Motors And Generators (Excluding Generati... | 9.00% | 9.00% | 18.00% |
GST Rates for HSN 85023920
The tax structure for Electric Generating Sets And Rotary Converters - Other Generating Sets : - Other: Powered By Water Turbine under HSN Code 85023920 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in u as the standard measurement for goods under Chapter 85 – Electrical Machinery And Equi.
Who Should Use HSN Code 85023920?
All businesses supplying Electric Generating Sets And Rotary Converters - Other Generating Sets : - Other: Powered By Water Turbine are obligated to use HSN 85023920 on tax invoices. From producers to retailers within Electrical Machinery And Equi, Chapter 85 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Entering the Electric Generating Sets And Rotary Converters - Other Generating Sets : - Other: Powered By Water Turbine market requires essential registrations. GST registration enables legal tax collection on HSN 85023920 goods. For cross-border trade in Electrical Machinery And Equi 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
Using HSN Code 85023920 accurately for Electric Generating Sets And Rotary Converters - Other Generating Sets : - Other: Powered By Water Turbine avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 85 – Electrical Machinery And Equi to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 85023920 belong to?
HSN Code 85023920 falls under Chapter 85 – Electrical Machinery And Equi in the GST tariff schedule. This chapter covers various goods including Electric Generating Sets And Rotary Converters - Other Generating Sets : - Other: Powered By Water Turbine.
Is IGST applicable on Electric Generating Sets And Rotary Converters - Other Generating Sets : - Other: Powered By Water Turbine?
Yes, IGST at 18.00% is applicable when Electric Generating Sets And Rotary Converters - Other Generating Sets : - Other: Powered By Water Turbine is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.
Can e-commerce sellers use HSN Code 85023920?
Yes, e-commerce sellers dealing in Electric Generating Sets And Rotary Converters - Other Generating Sets : - Other: Powered By Water Turbine must use HSN 85023920 on their invoices. This applies to all online platforms operating under Electrical Machinery And Equi classification.
How do I start an import business for Electrical Machinery And Equi goods?
To import goods under Electrical Machinery And Equi, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
