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New GST Rate for HSN Code 8505

GST Rate for Electro, Permanent Magnets, Clutches under HSN Code 8505. 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
Chapter No
85
HSN Code
8505
HSN Description
Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electromagnetic lifting heads
New GST Rate
18%
Old GST Rate
18%

Tariff HSN Codes under HSN Sub Chapter 8505

Following Tariff HSN code falls under HSN Sub Chapter 8505:

Tariff HSN
Description
Tariff HSN
85051110
Description
Permanent magnets and articles intended to become permanent magnets after magneti-sation: Of metal : Ferrite cores
Tariff HSN
85051190
Description
Permanent magnets and articles intended to become permanent magnets after magneti-sation: Of metal : Other
Tariff HSN
85051900
Description
Permanent magnets and articles intended to become permanent magnets after magneti-sation: Other
Tariff HSN
85052000
Description
Electro-magnetic couplings, clutches and brakes
Tariff HSN
85053000
Description
Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads - electro-magnetic lifting heads
Tariff HSN
85059000
Description
Other, including parts

Case Laws Related to Sub Chapter 8505

Order Number
Description
Order Number
TN/15/AAR/2020
Description
M/S. Heavy Vehicles Factory (AAR (Authority For Advance Ruling), Tamil Nadu)
Description
Arco Electro Technologies Pvt. Ltd. (AAR (Authority For Advance Ruling), Maharashtra)
Description
Shiroki Technico India Pvt. Ltd (AAR (Authority For Advance Ruling), Gujarat)

Important Disclaimer

The entire content on this page has been arranged to the best of the author's understanding and is subject to periodic updates as per the law for the time being in force. The above does not constitute professional advice or a formal recommendation. While due care has been taken in preparing this content, the existence of mistakes and omissions cannot be ruled out. BUSY Infotech Private Ltd. and its associates will not be held responsible for any loss or damage arising from any inaccurate or incomplete information in this document. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.