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HSN Code - 85371000 : BORDS ETC FOR A VOLTAGE<=1000 VLTS (BORDS ETC FOR A VOLTAGE<=1000 VLTS)
Harmonised System of Nomenclature (HSN Codes) 85371000 are used for the BORDS ETC FOR A VOLTAGE<=1000 VLTS products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
Understanding HSN Code 85371000
First two digits (85) represent the chapter number which is Chapter 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles.
Next two digits (37) represent the heading number which is BOARDS, PANELS, CONSOLES DESKS, CABINETS AND OTHER BASES, EQUIPPED WITH TWO OR MORE APPARATUS OF HEADING 8535 OR 8536, FOR ELECTRIC CONTROL OR THE DISTRIBUTION OF ELECTRICITY, INCLUDING THOSE INCORPORATING INSTRUMENTS OR APPARATUS OF CHAPTER 90, AND NUMERICAL CONTROL APPARATUS, OTHER THAN SWITCHING APPARATUS OF HEADING 8517
Next two digits (10) represent the product code which is
Last two digits (00) are for final or deeper classification which is BORDS ETC FOR A VOLTAGE<=1000 VLTS
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.
FAQs on HSN Code 85371000
What is HSN Code 85371000 used for?
HSN Code 85371000 is used to classify goods under GST for invoicing, taxation, import, and export. Businesses use this code to correctly identify products while filing GST returns and trade documents.
Is HSN Code 85371000 mandatory for GST invoices?
Yes. HSN codes are mandatory on GST invoices for most businesses, especially for B2B transactions, exports, and imports. The level of digits required depends on turnover and transaction type.
What is the GST rate for HSN Code 85371000?
The GST rate for HSN Code 85371000 depends on the product specification and the latest GST notifications. Businesses should verify the applicable rate from CBIC notifications or consult a tax professional before invoicing.
What is the import or export policy for HSN Code 85371000?
As per current trade policy, HSN Code 85371000 falls under "Free" category. Import or export may be subject to specific conditions or approvals.
What is the difference between HSN Code and SAC Code?
HSN codes are used for goods or products, while SAC codes are used for services. Businesses dealing in both goods and services must use the correct code type for GST compliance.