84329010
PARTS OF AGRICULTURAL MACHINERY FALLING WITHIN HEADINGS 8432 10, 8432 21, 8432 29, 8432 30 AND 8432 39
Tax Calculator for 84329010
E-Way Bill Rules
For parts of agricultural machinery falling within headings 8432 10, 8432 21, 8432 29, 8432 30 and 8432 39, the E-Way Bill threshold is ₹50,000. Since the rate is 12%, you must generate a bill if the Taxable Value exceeds ₹44,642.
Example Calculation
- Base Value: ₹44,642
- + GST (12%): ₹5,357.04
- 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 84329010 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 (8432) is sufficient for B2B invoices.
Ensure that you charge 6% CGST and 6% SGST for intra-state supplies of parts of agricultural machinery falling within headings 8432 10, 8432 21, 8432 29, 8432 30 and 8432 39. For inter-state supplies, the full 12% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 84329010?
The GST rate for HSN Code 84329010 (PARTS OF AGRICULTURAL MACHINERY FALLING WITHIN HEADINGS 8432 10, 8432 21, 8432 29, 8432 30 AND 8432 39) is 12%.
Q: Is HSN 84329010 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 PARTS OF AGRICULTURAL MACHINERY FALLING WITHIN HEADINGS 8432 10, 8432 21, 8432 29, 8432 30 AND 8432 39?
Multiply the taxable value by 0.12. For ₹1000 value, GST is ₹120.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.