Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Explore a comprehensive and informative guide to all HS Codes and HSN Codes for machinery, accompanied by their respective GST rates. Whether you’re a business owner, importer, or simply looking to understand the tax implications for machinery procurement, this resource provides a valuable reference point. Gain insights into the classification and taxation of machinery products to navigate the complex world of customs and taxation with confidence. Stay updated and make informed decisions with our extensive database of machinery-related codes and GST rates.
The Harmonized System of Nomenclature (HSN) code for plant and machinery typically falls under Chapter 84 or Chapter 85 of the HSN classification. These chapters encompass a wide range of machinery and equipment. To get a more precise HSN code for a specific type of plant or machinery, you would need to refer to the detailed HSN code list, which provides codes for different categories of machinery based on their characteristics and uses. This list is generally maintained and updated by the government or relevant authorities in your country.
The HSN code primarily applies to goods and products rather than services. HSN codes are designed to classify and categorize tangible goods for taxation and trade purposes. Services, on the other hand, are typically classified under different coding systems, such as the Services Accounting Code (SAC) in India. Therefore, there is no specific HSN code for machinery services. To classify and tax machinery-related services, you would need to consult the appropriate service tax code or classification system in your country.
The HSN code for used machinery would generally depend on the specific type of machinery being traded or transported. HSN codes are primarily designed for classifying new or unused goods, so the concept of “used machinery” doesn't have a distinct HSN code. To classify used machinery for taxation or trade purposes, you would typically use the same HSN code that applies to the equivalent new machinery, possibly with additional documentation or labeling to indicate its used condition. However, specific regulations may vary by country, so it's advisable to consult with your local customs or taxation authorities for precise guidelines on classifying and coding used machinery.
On January 16, 2025, the Reserve Bank of India (RBI) released the list of Non-Banking Financial...
Over the decades, the Oil and Natural Gas Corporation (ONGC) has been a key pillar in the portf...
The Reserve Bank of India, on April 11, 2025, posted a Press Release No. 2025-2026/96 on their...
Hong Kong is widely recognized as a leading global business hub, known for its free-market econ...
With India’s growing economy, Non-Banking Financial Companies (NBFCs) have expanded significa...
Are you human?: 9 + 2 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality