74040022
BRASS SCRAP, NAMELY THE FOLLOWING :REFINERY BRASS SCRAP COVERED BY ISRI CODE WORD DRINK, COMPOSITION OF RED BRASS SCRAP COVERED BY ISRI CODE WORD EBONY, RED BRASS COMPOSITION TURNINGS SCRAP COVERED BY ISRI CODE WORD ENERV, GENUINE BABBIT-LINED BRASS BUSHINGS SCRAP COVERED BY ISRI CODE WORD ELDER, MACHINERY OR HARD BRASS SOLIDS SCRAP COVERED BY ISRI CODE WORD ENGEL, MACHINERY OR HAND BRASS SOLIDS SCRAP COVERED BY ISRI CODE WORD ERIN, COCKS AND FAUCETS SCRAP COVERED BY ISRI CODE WORD GRAPE, YELLOW BRASS SCRAP COVERED BY ISRI CODE WORD HONEY, YELLOW BRASS CASTINGS COVERED BY ISRI CODE WORD IVORY, NEW BRASS CLIPPINGS COVERED BY ISRI CODE WORD LABEL, YELLOW BRASS PRIMER COVERED BY ISRI CODE WORD LARK, BRASS PIPE COVERED BY ISRI CODE WORD MELON, YELLOW BRASS ROD TURNINGS COVERED BY ISRI CODE WORD NIGHT,NEW YELLOW BRASS ROD ENDS COVERED BY ISRI CODE WORD NOBLE, YELLOW BRASS TURNINGS COVERED BY ISRI CODE WORD NOMAD, MIXED UNSWEATED AUTO RADIATORS COVERED BY ISRI CODE WORD OCEAN, A DMIRALTY BRASS CONDENSER TUBES COVERED BY ISRI CODE WORD PALES, ALUMINIUM BRASS CONDENSER TUBES COVERED BY ISRI CODE WORD PALLU,
Tax Calculator for 74040022
E-Way Bill Rules
For brass scrap, namely the following :refinery brass scrap covered by isri code word drink, composition of red brass scrap covered by isri code word ebony, red brass composition turnings scrap covered by isri code word enerv, genuine babbit-lined brass bushings scrap covered by isri code word elder, machinery or hard brass solids scrap covered by isri code word engel, machinery or hand brass solids scrap covered by isri code word erin, cocks and faucets scrap covered by isri code word grape, yellow brass scrap covered by isri code word honey, yellow brass castings covered by isri code word ivory, new brass clippings covered by isri code word label, yellow brass primer covered by isri code word lark, brass pipe covered by isri code word melon, yellow brass rod turnings covered by isri code word night,new yellow brass rod ends covered by isri code word noble, yellow brass turnings covered by isri code word nomad, mixed unsweated auto radiators covered by isri code word ocean, a dmiralty brass condenser tubes covered by isri code word pales, aluminium brass condenser tubes covered by isri code word pallu,, the E-Way Bill threshold is ₹50,000. Since the rate is 18%, you must generate a bill if the Taxable Value exceeds ₹42,372.
Example Calculation
- Base Value: ₹42,372
- + GST (18%): ₹7,626.96
- 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 74040022 falls under Chapter 74. 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 (7404) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of brass scrap, namely the following :refinery brass scrap covered by isri code word drink, composition of red brass scrap covered by isri code word ebony, red brass composition turnings scrap covered by isri code word enerv, genuine babbit-lined brass bushings scrap covered by isri code word elder, machinery or hard brass solids scrap covered by isri code word engel, machinery or hand brass solids scrap covered by isri code word erin, cocks and faucets scrap covered by isri code word grape, yellow brass scrap covered by isri code word honey, yellow brass castings covered by isri code word ivory, new brass clippings covered by isri code word label, yellow brass primer covered by isri code word lark, brass pipe covered by isri code word melon, yellow brass rod turnings covered by isri code word night,new yellow brass rod ends covered by isri code word noble, yellow brass turnings covered by isri code word nomad, mixed unsweated auto radiators covered by isri code word ocean, a dmiralty brass condenser tubes covered by isri code word pales, aluminium brass condenser tubes covered by isri code word pallu,. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 74040022?
The GST rate for HSN Code 74040022 (BRASS SCRAP, NAMELY THE FOLLOWING :REFINERY BRASS SCRAP COVERED BY ISRI CODE WORD DRINK, COMPOSITION OF RED BRASS SCRAP COVERED BY ISRI CODE WORD EBONY, RED BRASS COMPOSITION TURNINGS SCRAP COVERED BY ISRI CODE WORD ENERV, GENUINE BABBIT-LINED BRASS BUSHINGS SCRAP COVERED BY ISRI CODE WORD ELDER, MACHINERY OR HARD BRASS SOLIDS SCRAP COVERED BY ISRI CODE WORD ENGEL, MACHINERY OR HAND BRASS SOLIDS SCRAP COVERED BY ISRI CODE WORD ERIN, COCKS AND FAUCETS SCRAP COVERED BY ISRI CODE WORD GRAPE, YELLOW BRASS SCRAP COVERED BY ISRI CODE WORD HONEY, YELLOW BRASS CASTINGS COVERED BY ISRI CODE WORD IVORY, NEW BRASS CLIPPINGS COVERED BY ISRI CODE WORD LABEL, YELLOW BRASS PRIMER COVERED BY ISRI CODE WORD LARK, BRASS PIPE COVERED BY ISRI CODE WORD MELON, YELLOW BRASS ROD TURNINGS COVERED BY ISRI CODE WORD NIGHT,NEW YELLOW BRASS ROD ENDS COVERED BY ISRI CODE WORD NOBLE, YELLOW BRASS TURNINGS COVERED BY ISRI CODE WORD NOMAD, MIXED UNSWEATED AUTO RADIATORS COVERED BY ISRI CODE WORD OCEAN, A DMIRALTY BRASS CONDENSER TUBES COVERED BY ISRI CODE WORD PALES, ALUMINIUM BRASS CONDENSER TUBES COVERED BY ISRI CODE WORD PALLU,) is 18%.
Q: Is HSN 74040022 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 BRASS SCRAP, NAMELY THE FOLLOWING :REFINERY BRASS SCRAP COVERED BY ISRI CODE WORD DRINK, COMPOSITION OF RED BRASS SCRAP COVERED BY ISRI CODE WORD EBONY, RED BRASS COMPOSITION TURNINGS SCRAP COVERED BY ISRI CODE WORD ENERV, GENUINE BABBIT-LINED BRASS BUSHINGS SCRAP COVERED BY ISRI CODE WORD ELDER, MACHINERY OR HARD BRASS SOLIDS SCRAP COVERED BY ISRI CODE WORD ENGEL, MACHINERY OR HAND BRASS SOLIDS SCRAP COVERED BY ISRI CODE WORD ERIN, COCKS AND FAUCETS SCRAP COVERED BY ISRI CODE WORD GRAPE, YELLOW BRASS SCRAP COVERED BY ISRI CODE WORD HONEY, YELLOW BRASS CASTINGS COVERED BY ISRI CODE WORD IVORY, NEW BRASS CLIPPINGS COVERED BY ISRI CODE WORD LABEL, YELLOW BRASS PRIMER COVERED BY ISRI CODE WORD LARK, BRASS PIPE COVERED BY ISRI CODE WORD MELON, YELLOW BRASS ROD TURNINGS COVERED BY ISRI CODE WORD NIGHT,NEW YELLOW BRASS ROD ENDS COVERED BY ISRI CODE WORD NOBLE, YELLOW BRASS TURNINGS COVERED BY ISRI CODE WORD NOMAD, MIXED UNSWEATED AUTO RADIATORS COVERED BY ISRI CODE WORD OCEAN, A DMIRALTY BRASS CONDENSER TUBES COVERED BY ISRI CODE WORD PALES, ALUMINIUM BRASS CONDENSER TUBES COVERED BY ISRI CODE WORD PALLU,?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.