841311
PUMPS FOR DISPENSING FUEL OR LUBRICANTS, OF THE TYPE USED IN FILLING STATIONS OR IN GARAGES:
Tax Calculator for 841311
E-Way Bill Rules
For pumps for dispensing fuel or lubricants, of the type used in filling stations or in garages:, 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 841311 falls under Chapter 84. 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 (8413) is sufficient for B2B invoices.
Ensure that you charge 14% CGST and 14% SGST for intra-state supplies of pumps for dispensing fuel or lubricants, of the type used in filling stations or in garages:. For inter-state supplies, the full 28% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 841311?
The GST rate for HSN Code 841311 (PUMPS FOR DISPENSING FUEL OR LUBRICANTS, OF THE TYPE USED IN FILLING STATIONS OR IN GARAGES:) is 28%.
Q: Is HSN 841311 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 PUMPS FOR DISPENSING FUEL OR LUBRICANTS, OF THE TYPE USED IN FILLING STATIONS OR IN GARAGES:?
Multiply the taxable value by 0.28. For ₹1000 value, GST is ₹280.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.