HSN Code 8505: Electromagnets, permanent magnets
HSN code 8505 classifies electromagnets, permanent magnets under India's GST system. GST rate: 18%.
GST Rate Breakdown
- GST Rate: 18%
- CGST + SGST (intra-state): 9% + 9%
- IGST (inter-state): 18%
Rate reflects the GST 2.0 structure effective 22 September 2025 (slabs 0%, 5%, 18%, 40%). Some items vary by price or type, so confirm the current rate on the official GST portal before invoicing.
18% is India's standard GST rate applying to the majority of goods and services
18% is India's standard GST rate applying to the majority of goods and services. Electromagnets, permanent magnets falls in this bucket. Full ITC available.
Sample Calculation for Electromagnets, permanent magnets
- Taxable value: ₹10,000
- GST (18%): ₹1,800
- Intra-state: ₹900 CGST + ₹900 SGST
- Inter-state: ₹1,800 IGST
- Total: ₹11,800
When to Use HSN Code 8505
Use HSN code 8505 on every tax invoice for electromagnets, permanent magnets. Businesses above ₹5 crore turnover must use the full 6-digit code. E-invoicing requires HSN/SAC on every line item.
FAQs about HSN 8505
What is HSN code 8505?
HSN code 8505 classifies electromagnets, permanent magnets under India's GST system. The applicable GST rate is 18%.
What is the GST rate for Electromagnets, permanent magnets?
Electromagnets, permanent magnets attracts 18% GST. For intra-state sales: 9% CGST + 9% SGST. For inter-state: 18% IGST.
Is Electromagnets, permanent magnets exempt from GST?
No. Electromagnets, permanent magnets attracts 18% GST on every taxable sale.