Riceoutlook Industry Awards

Since the introduction of GST lot of doubts have arisen because of different rates for different machinery items used in Food industry and rice mills in particulars. Mr. Bharat Gupta (Chartered Accountant) has compiled a list of GST rates applicable for different components used in Rice Mills for the benefit of our readers.

Following is the list of GST HSN Codes with Tax Rates:

GST HSN CODES WITH TAX RATES
FOR RICE MILLING INDUSTRY AND OTHER FOOD INDUSTRY
PREPARED AND COMPILED BY : CA BHARAT GUPTA
S.NO PRODUCTS HSN CODES TAX
1 MACHINERY FOR CLEANING , SORTING OR CLEANING , MACHINERY USED IN MILLING INDUSTRY AND PARTS THEREOF 8437 5%
2 ELECTRICAL MOTORS THREE PHASE 8501 18%
3 SPARE PARTS FOR MOTORS AND GENERATORS 8503 18%
4 GEARBOXES 8483 28%
5 ABRASIVE STONES 68041000 18%
6 PERFORATED SHEETS 7301 18%
7 RUBBER ROLLS 4016 28%
8 RUBBER POLISHERS 4016 28%
9 BALL BEARINGS , ROLLER BEARINGS, AND SPARE PARTS 8482 18%
10 V BELTS 40103999 18%
11 PVC belts 39269010 18%
12 BELTING  MADE OF YARN (COTTON , NYLON COTTON ETC) 5910 12%
13 BELT FASTNERS 73269020 18%
14 WHTENER POLISHER SCREENS 843790 5%
15 BUCKET BOLTS IRON AND STEEL 73181500 18%
16 NUTS IRON AND STEEL 73181600 18%
17 BUCKET BOLTS ALUMINIUM 7616 18%
18 NUTS ALUMINIUM 7616 18%
19 BAG CLOSING MACINE 84223000 18%
20 MAGNETS 85051900 18%
21 COUPLINGS ELBOWS AND SLEEVES OF IRON AND STEEL 7307 18%
22 GLASS WOOL, MINERAL WOOL 7019 18%
23 REFRATORY 6901 18%
24 INTRUMENTS FOR LENGHTH MEASUREMENT VERNIER CALLIPERS MEASURING TAPES 9017 18%
25 Transmission shafts (including cam shafts and crank shafts) and cranks; bearing housings and plain shaft bearings; gears and gearing; ball or roller screws; gear boxes and other speed changers, including torque converters; flywheels and pulleys, including pulley blocks; clutches and shaft couplings (including universal joints) 8483 28%
26 Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, including pressure-reducing valves and thermostatically controlled valves pressure 8481.00.00 18%
27 Pressure-reducing valves 8481.10.00 18%
28 Valves for oleohydraulic or pneumatic transmissions 8481.20.00 18%
29 Check valves 8481.30.00 18%
30 Safety or relief valves 8481.40.00 18%
31 Other valves and other appliances for pipes, tanks, vats or the like 8481.80.00 18%
GST HSN CODES WITH TAX RATES
FOR RICE MILLING INDUSTRY AND OTHER FOOD INDUSTRY
PREPARED AND COMPILED BY : CA BHARAT GUPTA
S.NO PRODUCTS HSN CODES TAX
34 Ball or roller bearings 8482.00.00 18%
35 Ball bearings 8482.10.00 18%
36 Tapered roller bearings, including cone and tapered roller assemblies848230 spherical roller bearings 8482.20.00 18%
37 Spherical roller bearing 8482.30.00 18%
38 Needle roller bearings 8482.40.00 18%
39 Other cylindrical roller bearings 8482.50.00 18%
40 Other bearings, including combined ball or roller bearings 8482.80.00 18%
41 Balls, needles and rollers 8482.91.00 18%
42 Parts for traction motor (machined castings) 8482.91.11 18%
43 Other parts of ball or roller bearings 8482.99.00 18%
44 Transmission shafts (including cam shafts and crank shafts) and cranks; bearing housings and plain shaft bearings; gears and gearing; ball or roller screws; gear boxes and other speed changers, including torque converters; flywheels and pulleys, including pulley blocks; clutches and shaft couplings (including universal joints) 8483.00.00 28%
45 Transmission shafts (including camshafts and crankshafts) and cranks 8483.10.00 28%
46 Bearing housing, incorporating ball or roller bearings 8483.20.00 28%
47 Bearing housings; plain shaft bearings 8483.30.00 28%
48 Gears and gearing; ball screws; gear boxes and other speed changers 8483.40.00 28%
49 Flywheels and pulleys, including pulley blocks 8483.50.00 28%
50 Clutches and shaft coupling (including universal joints) 8483.60.00 28%
51 Parts of transmission shafts, cranks, bearing housings, gears or clutch 8483.90.00 28%
52 Servo Controlled Antenna Pedestals 8483.90.00 28%
53 Gaskets and similar joints of metal sheeting combined with other material or of two or more layers of metal; sets or assortments of gaskets and similar joints, dissimilar in composition, put up in pouches, envelopes or similar packings; mechanical seals 8484.00.00 28%
54 Gaskets and similar joints of metal sheeting 8484.10.00 28%
55 Sets or assortments of gaskets and similar joints 8484.90.00 28%
56 Parts of other lifting, handling, loading or unloading machinery 8431.39.00 18%
57 Buckets, shovels, grabs and grips 8431.41.00 18%
58 chains 7315 18%
GST HSN CODES WITH TAX RATES
FOR RICE MILLING INDUSTRY AND OTHER FOOD INDUSTRY
PREPARED AND COMPILED BY : CA BHARAT GUPTA
S.NO PRODUCTS HSN CODES TAX
59 Instruments and apparatus for measuring or checking the flow, level, pressure or other variables of liquids or gases (for example, flow meters, level gauges, manometers, heat meters), excluding instruments and apparatus of heading 9014, 9015, 9028 or 9032 9026.00.00 18%
60 Instruments and apparatus for measuring or checking the flow or level of liquids: 9026.10.00 18%
61 Water meters 9026.10.90 18%
62 Instruments and apparatus for measuring or checking pressure 9026.20.00 18%
63 Other instruments or apparatus for measuring or checking of gases or liquids 9026.80.00 18%
64 Parts and accessories (flow meters, level gauges, manometers, heat meters) 9026.90.00 18%
65 Instruments and apparatus for physical or chemical analysis (for example, polarimeters, refractometers, spectrometers, gas or smoke analysis apparatus); instruments and apparatus for measuring or checking viscosity, porosity, expansion, surface tension or the like; instruments and apparatus for measuring or checking quantities of heat, sound or light (including exposure meters); microtomes 9027.00.00 18%
66 Other measuring or checking instruments, appliances and machines: 9031.80.00 18%
67 Power driven pumps primarily designed for handling water, namely, centrifugal pumps (horizontal and vertical), deep tube-well turbine pumps, submersible pumps, axial flow and mixed flow vertical pumps 8413.00.00 12%
68 Pumps for dispensing fuel or lubricants of the type used in filling stations or garages under 8413 11(except hand pumps under 8413 11 10), Fuel, lubricating or cooling medium pumps for internal combustion piston engines [under 8413 30], concrete pumps [8413 40 00], other rotary positive displacement pumps [under 8413 60] 8413.00.00 28%
69 Pumps for dispensing fuel or lubricants 8413.11.00 28%
70 Hand pumps 8413.11.10 5%
71 Other pumps for liquids, with a measuring device 8413.19.00 12%
72 Hand pumps for liquids 8413.20.00 5%
73 Fuel, lubricating or cooling medium pumps 8413.30.00 28%
74 Concrete pumps 8413.40.00 28%
GST HSN CODES WITH TAX RATES
FOR RICE MILLING INDUSTRY AND OTHER FOOD INDUSTRY
PREPARED AND COMPILED BY : CA BHARAT GUPTA
S.NO PRODUCTS HSN CODES TAX
75 Axial flow and mixed flow vertical pump designed primarily for handling water 8413.81.30 12%
76 Parts of pumps for liquids 8413.91.00 12%
77 Parts and fittings of hand pumps 8413.91.40 12%
78 Parts of liquid elevators 8413.92.00 12%
79 Air or vacuum pumps, air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters. 8414.00.00 28%
80 Vacuum pumps 8414.10.00 28%
81 Tubes, pipes and hollow profiles, of stainless steel , cold-drawn or cold-rolled (cold reduced) 7304.41.00 18%
82 Other tubes, pipes and hollow profiles, of stainless steel, seamless 7304.49.00 18%
83 Tubes, pipes and hollow profiles, of other alloy steel, cold-drawn or cold-rolled (cold reduced) 7304.51.00 18%
84 Other tubes, pipes and hollow profiles, of other alloy steel, 7304.59.00 18%
85 Other tubes, pipes and hollow profiles, seamless, of iron or steel 7304.90.00 18%
86 Other tubes and pipes (for example, welded, riveted or similarly closed), having circular cross-sections, the external diameter of which exceeds 406.4 mm, of iron or steel 7305.00.00 18%
87 Line pipe of a kind used for oil or gas pipelines, longitudinally submerged arc welded: 7305.11.00 18%
88 Pipes of galvanised iron longitudinally submerged arc welded 7305.11.11 18%
89 Pipes of galvanised material (Others) 7305.11.19 18%
90 Pipes of other non-galvanised materials  longitudinally submerged arc welded 7305.11.29 18%
91 Other line pipe of a kind used for oil or gas pipelines, longitudinally welded 7305.12.00 18%
92 Pipes of galvanised iron other Longitudinally welded 7305.12.11 18%
93 Pipes of galvanised iron other Longitudinally welded 7305.12.21 18%
94 Other line pipe, welded, more than 406.4mm in external diameter 7305.19.00 18%
95 Pipes of galvanised iron (Others) 7305.19.11 18%
96 Casing of a kind used in drilling for oil or gas 7305.20.00 18%
97 Other tubes and pipes, longitudinally welded: 7305.31.00 18%
98 Other tubes and pipes, welded, of iron or steel 7305.39.00 18%
99 Other tubes and pipes, riveted or similarly closed, of iron or steel 7305.90.00 18%
100 Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel 7306.00.00 18%

 

About author

CA Bharat Gupta - Chartered Accountant
CA Bharat Gupta – Chartered Accountant

CA Bharat Gupta is practicing Chartered Accountant working in the food and rice industry from past 5 years and has knowledge of various tax structure and workings of rice and food industry in India. His family is in business of Rice Mill Machines and its parts since 1978 which helped him to gain deep knowledge of effects on pros and cons on industry due to change in biggest tax reform of the country.

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