HSN Code 81042010
Magnesium and articles thereof, including waste and scrap - waste and scrap:magnesium scrap, namely the following: magnesium clips covered by isri code word `wafer; magnesium scrap covered by isri code word `walnut; magnesium engraver plates covered by isri code word `wine; magnesium dock boards covered by isri code word `wood; magnesium turnings covered by isri code word `world
Magnesium and articles thereof, including waste and scrap - waste and scrap:magnesium scrap, namely the following: magnesium clips covered by isri code word `wafer; magnesium scrap covered by isri code word `walnut; magnesium engraver plates covered by isri code word `wine; magnesium dock boards covered by isri code word `wood; magnesium turnings covered by isri code word `world
When does this rate apply?
Use this HSN Code on tax invoices when supplying Magnesium and articles thereof, including waste and scrap - waste and scrap:magn. GST is charged at 18% (IGST for inter-state, or CGST 9% + SGST 9% for intra-state). If the supply is exported under LUT, the rate is zero with no IGST charged.
This page is reviewed by CA Tirumalesh. For high-value or unusual transactions, confirm with the latest CBIC notification or consult a chartered accountant before invoicing.