The HSN (Harmonized System of Nomenclature) code for machine oil, which is a type of lubricant, falls under the category of "Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals."
HSN Code for Machine Oil:
- HSN Code 2710.19: This code generally covers petroleum oils, including lubricating oils and machine oils.
GST Rate for Machine Oil:
The GST rate for goods classified under HSN code 2710, including machine oil, is generally 18%.
Key Points:
- HSN Code: 2710.19 (Machine oils and other similar lubricating oils)
- GST Rate: 18%
