Within Chapter 40 – Rubber And Articles Thereof, HSN Code 40059990 serves as the official classification for Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip - Other : - Other : Other. This code determines tax rates and compliance obligations for all entities trading in Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip - Other : - Other : Other. CGST applies at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Measurement is standardized in 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 40059990

Tax liability for Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip - Other : - Other : Other under HSN 40059990 varies by transaction geography. CGST at 0.09 combined with SGST/UTGST at 0.09 applies to local sales. Interstate movement attracts IGST at 0.18. All billing for Chapter 40 – Rubber And Articles Thereof products must use kg..

Who Should Use HSN Code 40059990?

Traders, manufacturers, and importers of Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip - Other : - Other : Other are required to mention HSN Code 40059990 on all GST documents. This Rubber And Articles Thereof classification under Chapter 40 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Starting a business involving Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip - Other : - Other : Other? GST registration is mandatory for collecting and remitting taxes on HSN 40059990 goods. Companies planning international trade within Rubber 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

Accurate application of HSN Code 40059990 for Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip - Other : - Other : Other enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 40 – Rubber And Articles Thereof should monitor rate updates (0.09, 0.09, 0.18) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 40059990 belong to?

HSN Code 40059990 falls under Chapter 40 – Rubber And Articles Thereof in the GST tariff schedule. This chapter covers various goods including Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip - Other : - Other : Other.

Is IGST applicable on Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip - Other : - Other : Other?

Yes, IGST at 0.18 is applicable when Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip - Other : - Other : Other is supplied interstate or imported. For local sales within a state, CGST at 0.09 and SGST/UTGST at 0.09 apply instead.

Can e-commerce sellers use HSN Code 40059990?

Yes, e-commerce sellers dealing in Compounded Rubber, Unvulcanised, In Primary Forms Or In Plates, Sheets Or Strip - Other : - Other : Other must use HSN 40059990 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.

More HSN codes from Chapter 40

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