HSN Code 40027000 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 Stripethylene-Propylene-Non-Conjugated Dien... 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 Stripethylene-Propylene-Non-Conjugated Dien... must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18. 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 40027000

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 Stripethylene-Propylene-Non-Conjugated Dien... classified under HSN Code 40027000, tax computation follows GST principles. CGST at 0.09 plus SGST/UTGST at 0.09 covers intrastate sales. IGST at 0.18 applies to interstate transactions. kg. is the prescribed measurement for Rubber And Articles Thereof under Chapter 40.

Who Should Use HSN Code 40027000?

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 Stripethylene-Propylene-Non-Conjugated Dien... are required to mention HSN 40027000 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

Entering the 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 Stripethylene-Propylene-Non-Conjugated Dien... market requires essential registrations. GST registration enables legal tax collection on HSN 40027000 goods. For cross-border trade in Rubber And Articles Thereof items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Accurate HSN Code 40027000 usage 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 Stripethylene-Propylene-Non-Conjugated Dien... simplifies reconciliation and protects against penalties. Keep current with 0.09, 0.09, and 0.18 updates for Chapter 40 – Rubber And Articles Thereof to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 40027000 should I mention on invoices?

The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 40027000 for accurate classification 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 Stripethylene-Propylene-Non-Conjugated Dien....

Can I claim input tax credit on 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 Stripethylene-Propylene-Non-Conjugated Dien... purchases?

Yes, registered businesses can claim input tax credit on 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 Stripethylene-Propylene-Non-Conjugated Dien... purchases made under HSN 40027000. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.

What is the difference between CGST and IGST for HSN 40027000?

CGST at 0.09 plus SGST/UTGST at 0.09 applies when 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 Stripethylene-Propylene-Non-Conjugated Dien... is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading 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 Stripethylene-Propylene-Non-Conjugated Dien... domestically?

No, Import Export Code is only required if you plan to import or export 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 Stripethylene-Propylene-Non-Conjugated Dien... internationally. For domestic trade within Rubber And Articles Thereof, GST registration is sufficient.

More HSN codes from Chapter 40

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