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Iron attracts 18% GST under HSN code 8516. Calculate the exact tax below.
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Iron is classified under HSN code 8516 for GST purposes. The Harmonized System of Nomenclature (HSN) code is used to classify goods systematically. This code must be mentioned on GST invoices when billing for iron.
Electric irons attract 18% GST under HSN 8516 since July 2017. This covers dry irons, steam irons, and garment steamers.
Yes, input tax credit (ITC) is available on iron for registered businesses. If you purchase iron for business purposes, the GST paid (18%) can be claimed as ITC against your output tax liability, subject to conditions under Section 16 of the CGST Act.
Here are example calculations showing GST on iron at 18% for common price points:
| Base Price | GST (18%) | CGST (9%) | SGST (9%) | Total |
|---|---|---|---|---|
| ₹500 | ₹90 | ₹45 | ₹45 | ₹590 |
| ₹1,000 | ₹180 | ₹90 | ₹90 | ₹1,180 |
| ₹2,000 | ₹360 | ₹180 | ₹180 | ₹2,360 |
| ₹5,000 | ₹900 | ₹450 | ₹450 | ₹5,900 |
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Iron attracts 18% GST in India under HSN code 8516. For intra-state sales, this is split into 9% CGST and 9% SGST. For inter-state sales, 18% IGST applies.
The HSN code for Iron is 8516. HSN (Harmonized System of Nomenclature) codes are used to classify goods under GST. This code should be mentioned on all GST invoices.
To add 18% GST on iron: GST Amount = Base Price × 18/100. Total = Base Price + GST Amount. For example, on ₹1,000: GST = ₹180, Total = ₹1,180.
Yes, registered businesses can claim input tax credit on iron purchased for business purposes. The 18% GST paid can be offset against your output GST liability, subject to Section 16 conditions of the CGST Act.
Electric irons attract 18% GST under HSN 8516 since July 2017. This covers dry irons, steam irons, and garment steamers.