GST Rate & HSN Code 7001 – CULLET AND OTHER WASTE AND SCRAP OF GLASS

The HSN code for CULLET AND OTHER WASTE AND SCRAP OF GLASS, EXCLUDING GLASS FROM CATHODE-RAY TUBES OR OTHER ACTIVATED GLASS OF HEADING 8549, GLASS IN THE MASS is 7001. This code falls under Chapter 70 of the GST HSN classification system, which covers CULLET AND OTHER WASTE AND SCRAP OF GLASS, EXCLUDING GLASS FROM CATHODE-RAY TUBES OR OTHER ACTIVATED GLASS OF HEADING 8549, GLASS IN THE MASS. It is used for accurate product classification during GST invoicing, return filing, and tax compliance.

HSN code 7001 falls under Chapter 70 of the GST HSN classification, which covers CULLET AND OTHER WASTE AND SCRAP OF GLASS, EXCLUDING GLASS FROM CATHODE-RAY TUBES OR OTHER ACTIVATED GLASS OF HEADING 8549, GLASS IN THE MASS. Chapter 70 groups all related products together to standardize GST rates and simplify tax classification for businesses dealing with CULLET AND OTHER WASTE AND SCRAP OF GLASS, EXCLUDING GLASS FROM CATHODE-RAY TUBES OR OTHER ACTIVATED GLASS OF HEADING 8549, GLASS IN THE MASS.

Yes, registered businesses can generally claim Input Tax Credit (ITC) on GST paid for CULLET AND OTHER WASTE AND SCRAP OF GLASS, EXCLUDING GLASS FROM CATHODE-RAY TUBES OR OTHER ACTIVATED GLASS OF HEADING 8549, GLASS IN THE MASS under HSN code 7001, provided it is used for business purposes, and all ITC conditions under the GST Act are met. Consult a RegisterKaro expert for clarification.

Yes, mentioning HSN code 7001 on your GST invoice for CULLET AND OTHER WASTE AND SCRAP OF GLASS, EXCLUDING GLASS FROM CATHODE-RAY TUBES OR OTHER ACTIVATED GLASS OF HEADING 8549, GLASS IN THE MASS is mandatory. The number of digits required (4, 6, or 8) depends on your annual turnover as per CBIC rules. Correct HSN mention ensures accurate tax calculation and smooth return filing.