GST Tax Rates for Ores, Slag and ash – Iron ore, Gold, Silver, Jewellery
by Akansha Munjal 4.5K
Introduction
The GST tax rate has been released by the government of India along with the GST rate schedule. Under this article, we wish to present the GST tax rates on chapter 26 Ores, Slag and ash along with the main heading of HSN code.
Chapter-26- Ores, Slag and ash
This chapter contains the GST tax rates released by the government on Salt; sulphur; earths and stone; plastering materials, lime and cement which are covered under chapter 26 of HSN code.
1. Ores, Slag and ash taxed at NIL rate of GST
There is no item here.
2. Ores, Slag and ash taxed at 5 % rate of GST
| HSN Code | Description |
|---|---|
| All ores and concentrates [2601 to 2617] | |
| 2601 | Iron ores and concentrates, including roasted iron pyrites. |
| 2602 | Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more, calculated on the dry weight. |
| 2603 | Copper ores and concentrates. |
| 2604 | Nickel ores and concentrates. |
| 2605 | Cobalt ores and concentrates. |
| 2606 | Aluminium ores and concentrates. |
| 2607 | Lead ores and concentrates |
| 2608 | Zinc ores and concentrates |
| 2609 | Tin ores and concentrates |
| 2610 | Chromium ores and concentrates.
|
| 2611 | Tungsten ores and concentrates |
| 2612 | Uranium or thorium ores and concentrates |
| 2613 | Molybdenum ore and concentrates. |
| 2614 | Titanium ores and concentrates. |
| 2615 | Niobium, tantalum, vanadium or zirconium ores and concentrates. |
| 2616 | Precious metal ores and concentrates. |
| 2617 | Other ores and concentrates. |
| 2618 | Granulated slag (slag sand) from the manufacture of iron or steel. |
3. Ores, Slag and ash taxed at 12% rate of GST
There is no item here
4. Ores, Slag and ash taxed at 18 % rate of GST
| HSN Code | Description |
| 2619, 2620,2621 | All goods not specified elsewhere, that is other slag, dross, ash and residues |
| 2619 | Slag, dross (other than granulated slag), scalings and other waste from the manufacture of iron or steel. |
| 2620 | Slag, ash and residues (other than from the manufacture of iron or steel) containing metals, arsenic or their compounds. |
| 2621 | Other slag and ash, including seaweed ash (kelp); ash and residues from the incineration of municipal waste. |
5. Ores, Slag and ash taxed at 28 % rate of GST
| HSN Code | Description |
|---|---|
| 2515 12 20, 2515 12 90 | Marble and travertine, other than blocks |
| 2516 | Granite, other than blocks |
| 2523 | Portland cement, aluminous cement, slag cement, super sulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers |
Conclusion
We have mentioned here the GST tax rates on Ores, Slag and ash which are covered under chapter 26 of the HSN code. In case you have any query, you can contact us at info@hubco.in