Ups Battery Gst Rate

What is GST rate for UPS batteries?

18%
GST Tax Rate: 18%

What is the HSN code of UPS battery?

India Ups battery and HSN Code 8507 import.

What is GST percentage of inverter battery?

Accordingly, GST is payable at 18% on UPS/ inverter (classifiable under heading 8504), and GST is payable at 28% on external batteries (classifiable under heading 8507 for all batteries except lithium-ion battery).

What is GST rate on lithium-ion battery?

5 per cent
The GST rates on lithium-ion battery packs have been reduced by the government from 18 percent to 5 per cent which is the lowest tax category.

How much is tax on a battery?

The Ministry of Finance and the State Administration of Taxation recently issued the “Notice on the Collection of Consumption Tax on Battery Coatings” (hereinafter referred to as Caishui [2015] No. 16). In order to promote energy conservation and environmental protection, it has been decided to levy consumption tax on batteries and coatings from February 1, 2015.

Caishui [2015] 16 stated that batteries and paints are included in the scope of consumption tax collection, and they are levied in the production, outsourced processing and import links, and the applicable tax rate is 4%. other batteries.

At the same time, Caishui [2015] No. 16 proposes that mercury-free primary batteries, metal hydride nickel batteries, lithium primary batteries, lithium-ion batteries, solar cells, fuel cells and all-vanadium flow batteries are exempt from consumption tax.

Caishui [2015] No. 16 also pointed out that the consumption tax on lead-acid batteries will be postponed until December 31, 2015; from January 1, 2016, the consumption tax will be levied on lead-acid batteries at a rate of 4%.