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HSN Code & GST Rates for Pumps For Liquids, Whether Or | 84139120

Overview

For the classification and sorting of products across the world, HSN code is used to differentiate one product from other products. The HSN code is used for trading goods or services within and outside India. This code specifies the product for trading and the code number extends as per the business turnover to specify that the goods comply with GST.

The HSN code & GST rate for Pumps For Liquids, Whether Or Not Fitted With A Measuring Device; Liquid Elevators - Parts: 8413 91 - Of Pumps: Of Centrifugal Pumps is given as 84139120 under the chapter 84 of Nuclear Reactors, Boilers, Ma. Read this blog to get more insights on HSN code for Pumps For Liquids, Whether Or , key features, and important requirements of HSN code for the business of Pumps For Liquids, Whether Or Not Fitted With A Measuring Device; Liquid Elevators - Parts: 8413 91 - Of Pumps: Of Centrifugal Pumps.

What is HSN Code 84139120?

The HSN code 84139120 is the code that is used for Pumps For Liquids, Whether Or Not Fitted With A Measuring Device; Liquid Elevators - Parts: 8413 91 - Of Pumps: Of Centrifugal Pumps. This code comes under Chapter 84 of the HSN code list and are further extended into subheadings as 01, 02, 03, etc. as per the GST rates. These GST rates can be levied on the basis of IGST on interstate trading and SGST/CGST on trading of goods within the state.

HSN Code & GST Rates for 84139120

Here’s a complete list of HSN codes for 84139120 along with units, GST rates which comes under under the chapter 84 of Nuclear Reactors, Boilers, Ma.

Key Features of HSN code

Here are certain key features of the HSN code for different products:

• The HSN code is a unique code that is allotted to different goods for trading. This code consists of 6 digits, characterized with the uniform number. This classifies 5000+ products so far that are accepted worldwide.
• Moreover, the length of the HSN code may vary and is varied as per several factors, such as greater subdivision of products, expanded product categories and even covering the business turnover
• Under the classification of the HSN module, there are about 21 sections, 99 chapters, 1,244 headings and 5,244 subheadings in total to facilitate international trade.
• The first two digits represent the chapter; the next two digits define the category and further extensions of codes specify more product specifications or country specific products.

HSN Code in GST

The HSN code refers to the specification of the product along with the characteristic. HSN Code in GST is important to differentiate the products from one another. Getting the GST for HSN helps to get the idea whether the product is different and unique in character to other products. Under this code, HSN code removes the need for the detailed description of products. If a dealer or service provider's turnover falls above the slabs or limit of Rs. 5 crore, he or she must include an HSN/SAC-specific sales summary in his GSTR-1.

HSN Code in Export

When the exporting under Certificate of Origin (COO), APEDA Certificate, SAFTA Certificate, and AD Code Registration takes place, there is a negative list for some HSN code on which the exemptions or the benefit can’t be provided. The HSN code for exporting code falls under the subheading of negative list, which exempts certain goods that fall under negative list.

Disclaimer

To the best of our knowledge, the rates listed above, which are provided, have been revised from the announcement no. 05/2020, dated October 16, 2020. We obtained the HSN code information from the master codes provided on the NIC's GST e-Invoice system. Variations may occur as a result of government upgrades. Please keep in mind that we cannot be held accountable for any incorrect information. If you need information about the "effective date" for each GST or cess rate, please go to the CBIC website.

Bizfoc is an accounting firm which helps to provide you GST registration and GST filing services with PAN India reach.

Who Requires HSN Code?

The requirement of HSN code in Live Horses is required who pays the taxes on the turnover of their business, which exceeds Rs. 1.5 crore. When the business turnover exceeds Rs 5 crore, then the HSN code has an 8-digit code and corresponds to the product description. While the HSN code is limited to 4 digits if the turnover is up to Rs. 5 crore.

Conclusion

The HSN code 84139120 in Pumps For Liquids, Whether Or Not Fitted With A Measuring Device; Liquid Elevators - Parts: 8413 91 - Of Pumps: Of Centrifugal Pumps pays the taxes on the turnover of their business. This code is mandatory for businesses that exceed the turnover of a certain limit of the business of Rs. 5 crore. This HSN code helps to differentiate and specify the characteristics of products that are used for trading. If you get the Live Horses HSN code 84139120, your business goods get complete identification and recognition from a diverse range of items trading.

Frequently Asked Questions

What is the HSN Code for Pumps For Liquids, Whether Or Not Fitted With A Measuring Device; Liquid Elevators - Parts: 8413 91 - Of Pumps: Of Centrifugal Pumps?

The HSN code for Pumps For Liquids, Whether Or Not Fitted With A Measuring Device; Liquid Elevators - Parts: 8413 91 - Of Pumps: Of Centrifugal Pumps is 84139120.

What is covered under HSN Code 84139120?

Pumps For Liquids, Whether Or Not Fitted With A Measuring Device; Liquid Elevators - Parts: 8413 91 - Of Pumps: Of Centrifugal Pumps is covered under the HSN code 84139120.

Is there any difference between HS and HSN Code?

The HS (Harmonized System Code) code and HSN code are the same codes that are used for the shipment of goods. However, the HS code is known as HSN code in India. Like HS code, HSN code is also comprised of 6-digit codes.

Why do HSN codes vary in length?

The HSN code length may vary according to the business turnover. When the business turnover exceeds Rs 5 crore, then the HSN code has an 8-digit code and corresponds to the product description. While the HSN code is limited to 4 digits if the turnover is up to Rs. 5 crore.

Do we need to get another HSN code if the brand of the same line of product is different?

No, you don’t need to get another HSN code if the product line is the same and the brand is different within the state of origin.