96081011
HIGH VALUE BALL POINT PENS (US $ 100 AND ABOVE C.I.F. PER UNIT)
Tax Calculator for 96081011
E-Way Bill Rules
For high value ball point pens (us $ 100 and above c.i.f. per unit), 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 96081011 falls under Chapter 96. 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 (9608) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of high value ball point pens (us $ 100 and above c.i.f. per unit). For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 96081011?
The GST rate for HSN Code 96081011 (HIGH VALUE BALL POINT PENS (US $ 100 AND ABOVE C.I.F. PER UNIT)) is 18%.
Q: Is HSN 96081011 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 HIGH VALUE BALL POINT PENS (US $ 100 AND ABOVE C.I.F. PER UNIT)?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.