847230
MACHINES FOR SORTING OR FOLDING MAIL OR FOR INSERTING MAIL IN ENVELOPES OR BANDS, MACHINES FOR OPENING, CLOSING OR SEALING MAIL AND MACHINES FOR AFFIXING OR CANCELLING POSTAGE STAMPS
Tax Calculator for 847230
E-Way Bill Rules
For machines for sorting or folding mail or for inserting mail in envelopes or bands, machines for opening, closing or sealing mail and machines for affixing or cancelling postage stamps, 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 847230 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 (8472) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of machines for sorting or folding mail or for inserting mail in envelopes or bands, machines for opening, closing or sealing mail and machines for affixing or cancelling postage stamps. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 847230?
The GST rate for HSN Code 847230 (MACHINES FOR SORTING OR FOLDING MAIL OR FOR INSERTING MAIL IN ENVELOPES OR BANDS, MACHINES FOR OPENING, CLOSING OR SEALING MAIL AND MACHINES FOR AFFIXING OR CANCELLING POSTAGE STAMPS) is 18%.
Q: Is HSN 847230 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 MACHINES FOR SORTING OR FOLDING MAIL OR FOR INSERTING MAIL IN ENVELOPES OR BANDS, MACHINES FOR OPENING, CLOSING OR SEALING MAIL AND MACHINES FOR AFFIXING OR CANCELLING POSTAGE STAMPS?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.