Under the GST regime, HSN Code 40011010 classifies Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip - Natural Rubber Latex, Whether Or Not Prevulcanised : Prevulcanised within Chapter 40 – Rubber And Articles Thereof. This code is essential for businesses to correctly calculate and remit taxes on Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip - Natural Rubber Latex, Whether Or Not Prevulcanised : Prevulcanised. The applicable rates are CGST at 2.50%, SGST/UTGST at 2.50% for within-state sales, and IGST at 5.00% for interstate supplies. Goods are quantified using N.a.
HSN Codes under Chapter 40 – Rubber And Articles Thereof
Below are related HSN codes from Chapter 40 – Rubber And Articles Thereof for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Rubber And Articles Thereof... | 40011020 | Natural Rubber, Balata, Gutta-Percha, Guayule, Chi... | 0.025 | 0.025 | 0.05 |
| Rubber And Articles Thereof... | 40012100 | Natural Rubber, Balata, Gutta-Percha, Guayule, Chi... | 0.025 | 0.025 | 0.05 |
| Rubber And Articles Thereof... | 40012200 | Natural Rubber, Balata, Gutta-Percha, Guayule, Chi... | 0.025 | 0.025 | 0.05 |
| Rubber And Articles Thereof... | 40012910 | Natural Rubber, Balata, Gutta-Percha, Guayule, Chi... | 2.50% | 2.50% | 5.00% |
| Rubber And Articles Thereof... | 40012920 | Natural Rubber, Balata, Gutta-Percha, Guayule, Chi... | 2.50% | 2.50% | 5.00% |
| Rubber And Articles Thereof... | 40012930 | Natural Rubber, Balata, Gutta-Percha, Guayule, Chi... | 2.50% | 2.50% | 5.00% |
| Rubber And Articles Thereof... | 40012940 | Natural Rubber, Balata, Gutta-Percha, Guayule, Chi... | 2.50% | 2.50% | 5.00% |
| Rubber And Articles Thereof... | 40012990 | Natural Rubber, Balata, Gutta-Percha, Guayule, Chi... | 0.025 | 0.025 | 0.05 |
| Rubber And Articles Thereof... | 40013000 | Natural Rubber, Balata, Gutta-Percha, Guayule, Chi... | 0.025 | 0.025 | 0.05 |
| Rubber And Articles Thereof... | 40021100 | Synthetic Rubber And Factice Derived From Oils, In... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 40011010
For Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip - Natural Rubber Latex, Whether Or Not Prevulcanised : Prevulcanised classified under HSN Code 40011010, tax computation follows GST principles. CGST at 2.50% plus SGST/UTGST at 2.50% covers intrastate sales. IGST at 5.00% applies to interstate transactions. N.a is the prescribed measurement for Rubber And Articles Thereof under Chapter 40.
Who Should Use HSN Code 40011010?
Every entity transacting in Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip - Natural Rubber Latex, Whether Or Not Prevulcanised : Prevulcanised must quote HSN Code 40011010 on invoices. This includes traders, distributors, and e-commerce sellers operating under Rubber And Articles Thereof. Chapter 40 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Looking to deal in Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip - Natural Rubber Latex, Whether Or Not Prevulcanised : Prevulcanised? GST registration is your first compliance requirement for HSN 40011010 goods. International traders in Rubber And Articles Thereof products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Accurate HSN Code 40011010 usage for Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip - Natural Rubber Latex, Whether Or Not Prevulcanised : Prevulcanised simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 40 – Rubber And Articles Thereof to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 40011010 belong to?
HSN Code 40011010 falls under Chapter 40 – Rubber And Articles Thereof in the GST tariff schedule. This chapter covers various goods including Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip - Natural Rubber Latex, Whether Or Not Prevulcanised : Prevulcanised.
Is IGST applicable on Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip - Natural Rubber Latex, Whether Or Not Prevulcanised : Prevulcanised?
Yes, IGST at 5.00% is applicable when Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip - Natural Rubber Latex, Whether Or Not Prevulcanised : Prevulcanised is supplied interstate or imported. For local sales within a state, CGST at 2.50% and SGST/UTGST at 2.50% apply instead.
Can e-commerce sellers use HSN Code 40011010?
Yes, e-commerce sellers dealing in Natural Rubber, Balata, Gutta-Percha, Guayule, Chicle And Similar Natural Gums, In Primary Forms Or In Plates, Sheets Or Strip - Natural Rubber Latex, Whether Or Not Prevulcanised : Prevulcanised must use HSN 40011010 on their invoices. This applies to all online platforms operating under Rubber And Articles Thereof classification.
How do I start an import business for Rubber And Articles Thereof goods?
To import goods under Rubber 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.
