401180
OF A KIND USED ON CONSTRUCTION, MINING OR INDUSTRIAL HANDLING VEHICLES AND MACHINES
Tax Calculator for 401180
E-Way Bill Rules
For of a kind used on construction, mining or industrial handling vehicles and machines, the E-Way Bill threshold is ₹50,000. Since the rate is 28%, you must generate a bill if the Taxable Value exceeds ₹39,062.
Example Calculation
- Base Value: ₹39,062
- + GST (28%): ₹10,937.36
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Can I claim ITC?
Yes, if used for business. This reduces your final cash liability.
Input Tax Credit (ITC) Logic
Compliance & Validation
HSN 401180 falls under Chapter 40. It is mandatory to mention this code on invoices if your annual turnover exceeds ₹5 Crore. For turnover below ₹5 Crore, mentioning the 4-digit code (4011) is sufficient for B2B invoices.
Ensure that you charge 14% CGST and 14% SGST for intra-state supplies of of a kind used on construction, mining or industrial handling vehicles and machines. For inter-state supplies, the full 28% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 401180?
The GST rate for HSN Code 401180 (OF A KIND USED ON CONSTRUCTION, MINING OR INDUSTRIAL HANDLING VEHICLES AND MACHINES) is 28%.
Q: Is HSN 401180 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'eligible'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for OF A KIND USED ON CONSTRUCTION, MINING OR INDUSTRIAL HANDLING VEHICLES AND MACHINES?
Multiply the taxable value by 0.28. For ₹1000 value, GST is ₹280.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.