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GST Tax Rates for Ores, Slag and ash – Iron ore, Gold, Silver, Jewellery

By Akansha Munjal

( 4.5K Views) May 30, 2017

GST Tax Rates for Ores, Slag and ash – Iron ore, Gold, Silver, Jewellery

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

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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

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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