GST Rate & HSN Code 7413 – STRANDED WIRE

The HSN code for STRANDED WIRE, CABLES, PLATED BANDS AND THE LIKE, OF COPPER, NOT ELECTRICALLY INSULATED is 7413. This code falls under Chapter 74 of the GST HSN classification system, which covers STRANDED WIRE, CABLES, PLATED BANDS AND THE LIKE, OF COPPER, NOT ELECTRICALLY INSULATED. It is used for accurate product classification during GST invoicing, return filing, and tax compliance.

HSN code 7413 falls under Chapter 74 of the GST HSN classification, which covers STRANDED WIRE, CABLES, PLATED BANDS AND THE LIKE, OF COPPER, NOT ELECTRICALLY INSULATED. Chapter 74 groups all related products together to standardize GST rates and simplify tax classification for businesses dealing with STRANDED WIRE, CABLES, PLATED BANDS AND THE LIKE, OF COPPER, NOT ELECTRICALLY INSULATED.

Yes, registered businesses can generally claim Input Tax Credit (ITC) on GST paid for STRANDED WIRE, CABLES, PLATED BANDS AND THE LIKE, OF COPPER, NOT ELECTRICALLY INSULATED under HSN code 7413, 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 7413 on your GST invoice for STRANDED WIRE, CABLES, PLATED BANDS AND THE LIKE, OF COPPER, NOT ELECTRICALLY INSULATED 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.