What products are classified under HSN 3406
It includes Candles & tapers
HSN Sub Chapter 3406 represents Candles & tapers under GST classification. This code helps businesses identify Candles & tapers correctly for billing, taxation, and trade. With HSN Sub Chapter 3406, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Candles & tapers.
GST Rate for Candles & tapers under HSN Code 3406. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 34 | 3406 | Candles, tapers and the like | 5% | 18% |
Following Tariff HSN code falls under Candles & tapers:
| Tariff HSN | Description |
|---|---|
| Candles, tapers and the like : Candles | |
| Candles, tapers and the like : Other |
Candles, tapers and the like : Candles
Candles, tapers and the like : Other
| Order Number | Description |
|---|---|
| I-tech Plast India Pvt. Ltd (AAR (Authority For Advance Ruling), Gujarat) |
I-tech Plast India Pvt. Ltd (AAR (Authority For Advance Ruling), Gujarat)
It includes Candles & tapers
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
If your outward supply of Candles & tapers is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.