All HS Codes or HSN Codes for petrol with GST Rates
Understanding the HS codes or HSN codes for petrol, along with their corresponding GST rates, is crucial for businesses involved in the petroleum sector. These codes classify petrol products for international trade and taxation purposes, ensuring compliance with regulatory standards. GST rates vary depending on factors such as the type and purity of petrol, affecting pricing and tax liabilities. Accurate classification under the Harmonized System (HS) or Harmonized System of Nomenclature (HSN) helps businesses navigate customs procedures and taxation efficiently. Stay informed about the latest updates and classifications to optimize operations and compliance within the petroleum industry.