Within Chapter 39 – Plastics And Articles Thereof, HSN Code 39041020 serves as the official classification for Suspension Grade Pvc Resin. This code determines tax rates and compliance obligations for all entities trading in Suspension Grade Pvc Resin. CGST applies at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Measurement is standardized in N.a.

HSN Codes under Chapter 39 – Plastics And Articles Thereof

Below are related HSN codes from Chapter 39 – Plastics And Articles Thereof for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Plastics And Articles Thereof... 39011010 Polymers Of Ethylene, In Primary Forms - Polyethyl... 9.00% 9.00% 18.00%
Plastics And Articles Thereof... 39011020 Low Density Polyethylene (Ldpe) 9.00% 9.00% 18.00%
Plastics And Articles Thereof... 39011090 Polymers Of Ethylene, In Primary Forms - Polyethyl... 0.09 0.09 0.18
Plastics And Articles Thereof... 39012000 Polymers Of Ethylene, In Primary Forms Polyethylen... 0.09 0.09 0.18
Plastics And Articles Thereof... 39013000 Polymers Of Ethylene, In Primary Forms Ethylene - ... 0.09 0.09 0.18
Plastics And Articles Thereof... 39014010 Linear Low Density Polyethylene (Lldpe), In Which ... 9.00% 9.00% 18.00%
Plastics And Articles Thereof... 39014090 Other 0.09 0.09 0.18
Plastics And Articles Thereof... 39019000 Other 9.00% 9.00% 18.00%
Plastics And Articles Thereof... 39019010 Polymers Of Ethylene, In Primary Forms - Other: Li... 9.00% 9.00% 18.00%
Plastics And Articles Thereof... 39019090 Polymers Of Ethylene, In Primary Forms - Other: Ot... 0.09 0.09 0.18

GST Rates for HSN 39041020

The tax structure for Suspension Grade Pvc Resin under HSN Code 39041020 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in N.a as the standard measurement for goods under Chapter 39 – Plastics And Articles Thereof.

Who Should Use HSN Code 39041020?

Manufacturers, wholesalers, retailers, and exporters dealing in Suspension Grade Pvc Resin are required to mention HSN 39041020 on all tax documents. This classification under Plastics And Articles Thereof applies to businesses of all sizes operating within Chapter 39. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Commencing trade in Suspension Grade Pvc Resin? Secure GST registration to handle taxes on HSN 39041020 classified goods. Businesses with international operations in Plastics And Articles Thereof need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.

Why Correct Classification Matters

Proper use of HSN Code 39041020 for Suspension Grade Pvc Resin streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 39 – Plastics And Articles Thereof through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 39041020 belong to?

HSN Code 39041020 falls under Chapter 39 – Plastics And Articles Thereof in the GST tariff schedule. This chapter covers various goods including Suspension Grade Pvc Resin.

Is IGST applicable on Suspension Grade Pvc Resin?

Yes, IGST at 18.00% is applicable when Suspension Grade Pvc Resin is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.

Can e-commerce sellers use HSN Code 39041020?

Yes, e-commerce sellers dealing in Suspension Grade Pvc Resin must use HSN 39041020 on their invoices. This applies to all online platforms operating under Plastics And Articles Thereof classification.

How do I start an import business for Plastics And Articles Thereof goods?

To import goods under Plastics And Articles Thereof, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.

More HSN codes from Chapter 39

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