In India, GST is levied on the manufacture and sale of voltage regulators and stabilizers. Stabilizers are categorised under the Harmonized System of Nomenclature (HSN) code 8504. HSN is an internationally recognized system for classifying and coding products in a standardised manner.
Keep reading as we discuss the HSN code and GST rate on stabilizers. Also, find out whether you can avail input tax credit on the GST paid on stabilizers.
The following is the HSN code and GST rate on stabilizers.
Description | HSN Code | GST% |
Voltage regulator and stabilizers (other than automatic) | 85044040 | 18% |
The GST paid on stabilizers can be claimed as input tax credit (ITC) provided the stabilizer has been purchased for use in the course or furtherance of business, and the conditions to claim ITC have been fulfilled.
The GST rate on air conditioners is 28%.
The HS Code for electric inverters is 85044010.
The HS Code for electric stabilizer's is 85044040.