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Explore the comprehensive list of HS Codes and HSN Codes for water storage tanks along with corresponding GST rates. This guide provides essential information to navigate the tax implications of water storage tank transactions, ensuring clarity and compliance in just 50 words.
The Harmonized System Nomenclature (HSN) code for water storage tanks typically falls under HSN code 7309.
Liquid storage tanks, like water storage tanks, are also classified under HSN code 7309.
The Goods and Services Tax (GST) rate for PVC water storage tanks may vary based on the capacity, but it typically falls under the 18% tax bracket.
Water supply services, being a service rather than a physical product, do not have an HSN code. They are typically categorized and taxed under the GST rate applicable to services.
A water tank with a capacity of 1000 liters would usually be classified under HSN code 7309.
A water tank with a capacity of 2000 liters would also fall under HSN code 7309.
A plastic water tank with a capacity of 2000 liters would still be classified under HSN code 7309, as the HSN code primarily depends on the material and type of tank.
An RCC (Reinforced Concrete Cement) water tank would typically be categorized under HSN code 6810, which is specific to articles of cement, concrete, or artificial stone.
The GST rate for a 1000-liter water tank would usually be 18%. However, it's important to check the latest GST rates as they may change over time.
An empty water tank, which is essentially a physical product made of a specific material, would also fall under HSN code 7309.
A 1000-liter water tank, regardless of its material, will typically have the HSN code 7309.
A water tank for residential use, irrespective of capacity, is generally classified under HSN code 7309.
The number of layers in a water tank is not a primary criterion for classification in the HSN system. It will most likely still be categorized under HSN code 7309, primarily based on its material and use.
A 300-liter water tank would typically have the HSN code 7309, similar to other water storage tanks.
HSN code 7309 is a code that encompasses various articles made of iron or steel, including reservoirs, tanks, and similar containers for any material. This code is commonly used for water tanks made of metal.
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