HSN code 30049011 is mentioned for 5% rate of materials and also for 12% rate of materials. Why is like dat?
I came to know a there was official notifications from the department that 5% is for classical items and 12% is for Patent items. Can anyone please give the clarity on this otherwise share that circular?
Thanks
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Same HSN code for two different rates
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It has been clarified that though both machine and parts are classified under the same HSN upto 4 digit, the rate of GST is different.
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