--- title: "HSN Code for IT Software on Laser Discs | HSN 85241990 GST Rate" description: "Find HSN and GST Rates for 85241990 related to IT Software on Laser Discs with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-85241990/" --- # HSN Code 85241990: IT Software on Laser Discs - [Section 16: Guide to HSN Section 16](https://busy.in/hsn/section-16/) - [Chapter 85: Electrical Machinery Equipment](https://busy.in/hsn/chapter-85/) - [Sub-chapter 8524: Recorded Media](https://busy.in/hsn/sub-chapter-8524/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 85241990 ? It includes LCD panel, w/o drivers for TVs ### Can we claim ITC on inputs used to trade IT Software on Laser Discs? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for IT Software on Laser Discs? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### How much GST applies to IT Software on Laser Discs? Under HSN 85241990, IT Software on Laser Discs attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when IT Software on Laser Discs is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for IT Software on Laser Discs; Nil for exempt items if applicable). ### Any common misclassification issue with IT Software on Laser Discs? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 85241990 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (+7,500.00% YoY) — 0.0000% of India's total exports - Imports: ₹73 Cr (+8.53% YoY) — 0.0012% of India's total imports - Trade balance: −₹72 Cr (Deficit); surplus rank #10525 of 12657 HSN codes - Share of Sub-Chapter 8524: 0.29% of its exports; import side 0.18% - Rank within Sub-Chapter 8524: #12 of 72 by export value; import-side #15 ### Key metrics - National export rank: #7850 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +7,500.00% in FY 2024-25 - Contribution to Sub-Ch. 8524: 0.29% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 85241990 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 8524 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8524 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | — | Nil | 0.0000% | — | — | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | — | Nil | 0.0000% | — | — | 0.00 | — | | FY 2020-21 | Nil | 0.0000% | — | — | Nil | 0.0000% | — | — | 0.00 | — | | FY 2021-22 | Nil | 0.0000% | — | — | Nil | 0.0000% | — | — | 0.00 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2023-24 | < ₹1 Crore | 0.0000% | — | 0.00% | 67.56 | 0.0012% | — | 0.26% | −67.54 | #10338 | | FY 2024-25 | 1.52 | 0.0000% | +7,500.00% | 0.29% | 73.32 | 0.0012% | +8.53% | 0.18% | −71.80 | #7850 | ## Key trade insights: HSN Code 85241990 export-import analysis ### Export snapshot for HSN Code 85241990 India exported ₹1.52 Crore worth of IT Software on Laser Discs in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 85241990 ranked #7850 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 85241990 ranks #7850 out of 12657 HSN codes by total export value. Within Sub-Chapter 8524, it ranks #12 of 72. By trade surplus, it ranks #10525 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 85241990 exports The strongest single-year export movement for HSN Code 85241990 was recorded in FY 2024-25, when exports surged by 7,500.00% over the prior year. ### India records a trade deficit of ₹71.80 Crore in HSN Code 85241990 goods In FY 2024-25, India's imports of ₹73.32 Cr exceeded exports of ₹1.52 Cr, resulting in a trade deficit of ₹71.80 Crore — ranking #10525 of 12657 by surplus magnitude. ### HSN Code 85241990 contributes 0.29% of Sub-Chapter 8524 exports — ranked #12 Among the 72 HSN codes under Sub-Chapter 8524, HSN Code 85241990 ranks #12 by export value — accounting for 0.29% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.18% share (rank #15). ## Related HSN Codes in Sub-Chapter 8524 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 85249220: For the goods of sub-heading 8528 72 or 8528 72](https://busy.in/hsn/hsn-85249220/) | ₹260 Cr | | #2 | [HSN Code 85249130: LCD module w/ drivers, TVs](https://busy.in/hsn/hsn-85249130/) | ₹108 Cr | | #3 | [HSN Code 85249110: IT Software on Floppy Disc/Cartridge Tape](https://busy.in/hsn/hsn-85249110/) | ₹56 Cr | | #4 | [HSN Code 85249120: For the goods of sub-heading 8528 72 or 8528 72](https://busy.in/hsn/hsn-85249120/) | ₹44 Cr | | #5 | [HSN Code 85241190: For the goods of sub-heading 8471 30 or 8471 40](https://busy.in/hsn/hsn-85241190/) | ₹22 Cr | | #6 | [HSN Code 85249190: For the goods of sub-heading 8471 30 or 8471 40](https://busy.in/hsn/hsn-85249190/) | ₹13 Cr | | #7 | [HSN Code 85241220: For the goods of sub-heading 8528 72 or 8528 72](https://busy.in/hsn/hsn-85241220/) | ₹10 Cr | | #8 | [HSN Code 85241290: For the goods of sub-heading 8471 30 or 8471 40](https://busy.in/hsn/hsn-85241290/) | ₹5 Cr | | #9 | [HSN Code 85249910: For the goods of sub-heading 8517 13 or 8517 13](https://busy.in/hsn/hsn-85249910/) | ₹5 Cr | | #10 | [HSN Code 85249930: Other FPD w/ drivers for TVs](https://busy.in/hsn/hsn-85249930/) | ₹4 Cr | | #12 | HSN Code 85241990: IT Software on Laser Discs (this hsn code) | ₹2 Cr |