Question
GST Rate For Industrial Power Driven Pump ( Chemical Process Pumps ) ?
Answer
The pump is to be classified under Chapter
heading 8413. The relevant portion of Notification 1/2017 Central Tax (Rate) is
reproduced below:
Schedule I taxable @ 5%
|
231. |
8413, 8413 91 |
Hand pumps and parts thereof |
Schedule II taxable @ 12%
|
192. |
8413 |
Power driven pumps primarily designed for handling water, namely, centrifugal pumps (horizontal and vertical), deep tube-well turbine pumps, submersible pumps, axial flow and mixed flow vertical pumps |
Further S. no. 453 of Schedule III to the
Notification no. 1/2017 Central Tax (Rate) contains classification of the
residuary products. If the pump supplied by you is not covered under above
headings then as per this clause it will attract GST @ 18%.
Schedule III taxable @ 18%
|
453. |
Any Chapter |
Goods which are not specified in Schedule I, II, IV, V or VI |
Since the Heading 8413 is classified under different
schedules with different rates, we will suggest you to take second opinion of
technical person (Engineer) of your company to assure that classification of the
pump given in Notification as well as the product you are dealing with is same.
Please note sometimes in trade parlance people give some name to the product
which infact does not tally with the description given in Notification.
(Reply dt. 21.06.2018)