What is HSN Code 85059000?
HSN code 85059000 is the Harmonized System of Nomenclature classification for Electro-Magnetic, Permanent Magnets And Articles Intended To Become Permanent Magnets… under India's Goods and Services Tax (GST). It is a 8-digit code sitting at the tariff item (8-digit) level of the HSN hierarchy.
This code belongs to Chapter 85 — Electrical Machinery And Equipment And Parts Thereof; Sound Recorders…, which is part of Section XVI: Machinery & Electrical Equipment. Every GST-registered business supplying electro-magnetic, permanent magnets and articles intended to become permanent magnets… must quote HSN 85059000 (or the digit-length required for its turnover) on tax invoices and in GSTR-1.