HSN Code 85241120 provides the tax classification for Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14 under Chapter 85 – Electrical Machinery And Equi of the GST tariff. Businesses dealing in Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14 must use this code for proper invoicing and return filing. Applicable taxes include CGST at N.a., SGST/UTGST at N.a., and IGST at N.a.. The recognized unit of measurement is N.a.
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 85241120
The taxation of Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14 under HSN Code 85241120 depends on supply location. Intrastate transactions require CGST at N.a. and SGST/UTGST at N.a.. Interstate supplies are charged IGST at N.a.. Invoices should consistently use N.a for Electrical Machinery And Equi goods under Chapter 85.
Who Should Use HSN Code 85241120?
Every entity transacting in Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14 must quote HSN Code 85241120 on invoices. This includes traders, distributors, and e-commerce sellers operating under Electrical Machinery And Equi. Chapter 85 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Looking to deal in Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14? GST registration is your first compliance requirement for HSN 85241120 goods. International traders in Electrical Machinery And Equi 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
Accurate HSN Code 85241120 usage for Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14 simplifies reconciliation and protects against penalties. Keep current with N.a., N.a., and N.a. updates for Chapter 85 – Electrical Machinery And Equi to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 85241120 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 85241120 for accurate classification of Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14.
Can I claim input tax credit on Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14 purchases?
Yes, registered businesses can claim input tax credit on Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14 purchases made under HSN 85241120. Ensure your supplier mentions correct HSN code and GST rates (N.a., N.a.) on the invoice.
What is the difference between CGST and IGST for HSN 85241120?
CGST at N.a. plus SGST/UTGST at N.a. applies when Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14 is sold within the same state. IGST at N.a. is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14 domestically?
No, Import Export Code is only required if you plan to import or export Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens -Without Drivers Or Control Circuits : Of Liquid Crystals: For The Goods Of Sub-Heading 8417.13 Or 8417.14 internationally. For domestic trade within Electrical Machinery And Equi, GST registration is sufficient.
