Chapter 40 of the GST framework covers Rubber And Articles Thereof, and HSN Code 40051000 specifically identifies Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica. Tax rates applicable include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18 for interstate movements. The standard 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 40051000

The tax structure for Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica under HSN Code 40051000 follows a dual taxation model. CGST is levied at 0.09 and SGST/UTGST at 0.09 for intrastate sales. Interstate transactions attract IGST at 0.18. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 40 – Rubber And Articles Thereof.

Who Should Use HSN Code 40051000?

All businesses supplying Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica are obligated to use HSN 40051000 on tax invoices. From producers to retailers within Rubber And Articles Thereof, Chapter 40 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Commencing trade in Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica? Secure GST registration to handle taxes on HSN 40051000 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

Correct HSN Code 40051000 application for Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica ensures smooth input credit utilization and assessment processes. Track 0.09, 0.09, and 0.18 rate changes for Chapter 40 – Rubber And Articles Thereof through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 40051000 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 40051000 for accurate classification of Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica.

Can I claim input tax credit on Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica purchases?

Yes, registered businesses can claim input tax credit on Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica purchases made under HSN 40051000. 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 40051000?

CGST at 0.09 plus SGST/UTGST at 0.09 applies when Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica 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 Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica domestically?

No, Import Export Code is only required if you plan to import or export Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip Compounded With Carbon Black Or Silica internationally. For domestic trade within Rubber And Articles Thereof, GST registration is sufficient.

More HSN codes from Chapter 40

Back to Top