HSN Code: 40021920 Synthetic Rubber And Factice

HSN Code 40021920 provides the tax classification for Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car... under Chapter 40 – Rubber And Articles Thereof of the GST tariff. Businesses dealing in Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car... 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 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...	40011010	Natural Rubber, Balata, Gutta-Percha, Guayule, Chi...	2.50%	2.50%	5.00%
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

GST Rates for HSN 40021920

The taxation of Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car... under HSN Code 40021920 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use kg. for Rubber And Articles Thereof goods under Chapter 40.

Who Should Use HSN Code 40021920?

Manufacturers, wholesalers, retailers, and exporters dealing in Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car... are required to mention HSN 40021920 on all tax documents. This classification under Rubber And Articles Thereof applies to businesses of all sizes operating within Chapter 40. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Commencing trade in Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car...? Secure GST registration to handle taxes on HSN 40021920 classified goods. Businesses with international operations in Rubber 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

Accurate application of HSN Code 40021920 for Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car... enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 40 – Rubber And Articles Thereof should monitor rate updates (9.00%, 9.00%, 18.00%) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 40021920?

The standard unit of measurement for Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car... under HSN Code 40021920 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 40021920 mandatory for small businesses?

Yes, businesses dealing in Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car... must use HSN 40021920 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 Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car...?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 40021920 for Rubber And Articles Thereof goods before invoicing.

Do I need AD Code registration for exporting Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car...?

Yes, AD Code registration is required for exporters dealing in Synthetic Rubber And Factice Derived From Oils, In Primary Forms Or In Plates, Sheets Or Strip; Mixtures Of Any Product Of Heading 4001 With Any Product Of This Heading, In Primary Forms Or In Plates, Sheets Or Strip - Styrene-Butadiene Rubber (Sbr); Car... under Rubber And Articles Thereof. This registration links your bank account to process foreign currency payments from overseas buyers.