GST Rate & HSN Code for Fabricated Asbestos Fibres If you are a manufacturer, trader or supplier of Fabricated Asbestos Fibres Fabricated Asbestos Fibres HSN Code 6812 Asbestos HSN code 6812 GST Act
The Fabricated Asbestos Fibres Fabricated asbestos fibres refer to asbestos materials that have been transformed into a state of readiness to be used by processing or combination into usable forms; they will consist of processed or made products rather than being raw fibres as seen from their manufacture or processing. Product Form Description Common Usage Asbestos Yarn & Thread Processed asbestos fibres spun into yarn or thread Heat-resistant stitching, insulation wrapping Asbestos Fabric & Cloth Woven asbestos material in fabric form Fireproof clothing, heat shields, insulation blankets Asbestos Ropes & Corda Twisted asbestos fibres made into ropes or cords Industrial sealing, furnace doors, boilers Asbestos sheets & boards Compressed asbestos fibres made formed into rigid sheets Thermal insulation, wall lining fire protection Industrial Asbestos products Semi-finished or finished asbestos based components Gaskets, seal, insulation parts Brake lining & clutch plates Asbestos mixed with other material for friction control Automotive brake systems and clutch assemblies
HSN Code for Fabricated Asbestos Fibres Under the GST system, the Harmonized System of Nomenclature Code (HSN Code) is applied to all goods in order to assist both for classification of the products and determining the amount of tax payable on it. The classification for asbestos and products made from asbestos are provided within Chapter 68 of HSN Code .
HSN Code 6812: Fabricated asbestos fibres; mixtures containing both asbestos and magnesium carbonate as a main component.
Product Under HSN 6812 Processed asbestos fibres Asbestos mixed with other materials Products made from asbestos mixtures Semi-finished and finished asbestos goods Raw asbestos is assigned its own HSN code, so it is important that every time you check the HSN Code for your product, you also include the exact specification.
GST Rate on Fabricated Asbestos Fibres The GST rate applicable on fabricated asbestos fibres under HSN code 6812 is fixed and standard across India.
Here is the breakdown:
For intrastate supply (within same state): For Interstate supply (between other states): When is GST Applicable GST becomes applicable in the following situations:
Supply Within India When fabricated asbestos is sold, transferred or supplied anywhere in India.
Business Transaction WHen the product is supplied or a price or considered (money, exchange or any valuable thing).
GST Registration Suppliers may be registered for GST or have exceeded their registration threshold limit (for services it is Rs 40 lakh in most states and 20 lakh in the case of goods).
Interstate vs Intrastate If you sell within your state: charge CGST + SGST (9% + 9%) If you sell to another state: charge IGST (18%) Note: If you're importing fabricated asbestos fibres, IGST and customs duty will apply at the port of entry.
The Importance of Accurate HSN & GST Classification When we talk using the appropriate HSN NGST It's not just about compliance There are big advantages to use the appropriate code:
Avoid Penalties Misclasification could lead to text notice and any applicable fines, with further penalties incurred for late payments or tax obligations.
Streamlined GST Returns Filing Correct HSN codes will expedite monthly or quarterly and annual GST return filings, allowing for quick error free entries into the system.
Correct Tax Invoice Your invoices will be legally compliant thus creating a better professional image and credibility for your business.
Simplified ITC Process You can claim Input Tax Credit (ITC) without any issues if the HSN codes on your purchase and sales invoices match.
Minimize Disputes with Tax Authority Proper classification will eliminate potential future issues in the event of a GST audit or inquiry from a government agency.
Improved Record Keeping It will help to maintain clean records, making it easier to comply with tax obligations
If your claims have been incorrectly classified, you may be subject to disputes with tax authorities, denied ITC claims or compliance issues that could end up costing you money as well as time
Usual Mistakes to Avoid Wrong HSN Code Selection Don't confuse raw asbestos with fabricated asbestos products – they may have different codes.
Incorrect Tax Rate Always apply 18% GST for HSN 6812 . Don't use wrong rates from similar products.
Missing E-Bills Making new e-bills for high transactions or moving goods across states.
Poor Invoice Details Always mention complete product description, HSN code, and GST breakup clearly.
Tips for Asbestos Fibre Suppliers Always verify the latest GST rates from official sources before billing Use accounting software with built-in HSN code database Train your billing team on correct HSN classification Consult a GST expert if you handle multiple asbestos products Stay updated with GST council notification Useful Tips for User This information is useful for:
Asbestos fibre manufacturers Wholesale trader and distributors Industrial Suppliers Import - export business E-commerce sellers dealing in industrial productsConclusion You must identify the HSN Code 6812 and GST rate 18% (9% CGST + 9% SGST) in order to comply with your tax obligations and run your business smoothly as an operation in accordance with the GST Act .
If you manufacture, wholesale or distribute fabricated asbestos fibre, you must constantly review what classification your products have and keep up to date with any changes to approximately GST regulations and around GST notification.
FAQs What is the HSN Code for asbestos fibre? 6812 is the HSN code for asbestos fibre which applies to mixed or newly manufactured asbestos fibre.
What is the GST on Asbestos products? According to HSN code 6812, the GST on these products will be 18% for example, the tax on all manufactured asbestos products sold in India would be 18%
Is the GST applicable to interstate supplies of asbestos fibre? For the interstate transport of manufactured asbestos usually subject to an IGST of 18% instead of CGST and SGST .
Is GST payable if I import manufactured asbestos to India? It will be subject to 18% IGST and applicable to custom duties and port import fees.
Is an e-way bill required to transport asbestos products? Yes, an e-way bill must be created to transport manufactured asbestos if the total value of your consignment will exceed rs 50,000 but this limit may vary depending on your state.
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