HSN Code 39159042 provides the tax classification for Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles under Chapter 39 – Plastics And Articles Thereof of the GST tariff. Businesses dealing in Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles must use this code for proper invoicing and return filing. Applicable taxes include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00%. The recognized unit of measurement is kg..
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 39159042
For Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles classified under HSN Code 39159042, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Plastics And Articles Thereof under Chapter 39.
Who Should Use HSN Code 39159042?
All businesses supplying Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles are obligated to use HSN 39159042 on tax invoices. From producers to retailers within Plastics And Articles Thereof, Chapter 39 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Starting a business involving Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles? GST registration is mandatory for collecting and remitting taxes on HSN 39159042 goods. Companies planning international trade within Plastics And Articles Thereof must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Correct HSN Code 39159042 application for Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 39 – Plastics And Articles Thereof through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 39159042?
The standard unit of measurement for Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles under HSN Code 39159042 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 39159042 mandatory for small businesses?
Yes, businesses dealing in Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles must use HSN 39159042 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 39159042 for Plastics And Articles Thereof goods before invoicing.
Do I need AD Code registration for exporting Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles?
Yes, AD Code registration is required for exporters dealing in Waste, Parings And Scrap, Of Plastics - Of Other Plastics : Of Alkyds, Polyesters And Epoxide Resins : Of Pet Bottles under Plastics And Articles Thereof. This registration links your bank account to process foreign currency payments from overseas buyers.
