As per GST norms GST for HSN Code 38220090 or 3822 is 12% but some are charged 5% instead of 12%. Is is possible to purchase the material on 12% GST slab and sale the same on 5% GST slab with same HSN Code.
Where I can drop the image of invoices for same.
Incorrect GST Rates on HSN Code 38220090: Companies Charging 5% Instead of 12% May Face Penalties Under CGST Act A discussion on a forum addressed the issue of incorrect GST rates being applied to products under HSN Code 38220090. The correct GST rate for these products is 12%, but some companies are charging 5%. Participants suggested that complete product details are needed to understand the discrepancy. It was noted that diagnostic kits under this code should attract 12% IGST if imported, and any deviation could lead to penalties under the CGST Act, 2017. It was recommended to report such discrepancies to the Jurisdictional Commissioner for enforcement. Some companies are allegedly misclassifying goods to benefit from a lower tax rate. (AI Summary)
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