Under the GST regime, HSN Code 85241990 classifies Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other within Chapter 85 – Electrical Machinery And Equi. This code is essential for businesses to correctly calculate and remit taxes on Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other. 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 u.
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 85241990
Goods classified as Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other under HSN 85241990 are taxed based on transaction type. Local sales attract CGST at 0.09 plus SGST/UTGST at 0.09. For supplies crossing state boundaries, IGST at 0.18 applies. Documentation must reflect u as the measurement standard for Chapter 85 – Electrical Machinery And Equi products.
Who Should Use HSN Code 85241990?
Every entity transacting in Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other must quote HSN Code 85241990 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
Entering the Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other market requires essential registrations. GST registration enables legal tax collection on HSN 85241990 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
Proper use of HSN Code 85241990 for Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other streamlines audit processes and supports valid credit claims. Stay updated on 0.09, 0.09, and 0.18 rates for Chapter 85 – Electrical Machinery And Equi through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 85241990 used for?
HSN Code 85241990 is used to classify Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other under Chapter 85 – Electrical Machinery And Equi 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 85241990?
For Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other, 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 Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other?
Yes, GST registration is mandatory for businesses dealing in Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other under HSN 85241990. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Flat Panel Display Modules, Whether Or Not Incorporating Touch-Sensitive Screens Without Drivers Or Control Circuits : Other: Other?
For importing goods under Electrical Machinery And Equi, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
