Chapter 40 of the GST framework covers Rubber And Articles Thereof, and HSN Code 40070010 specifically identifies Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Thread, Not Covered for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Thread, Not Covered. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% 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 40070010
Tax liability for Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Thread, Not Covered under HSN 40070010 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 40 – Rubber And Articles Thereof products must use kg..
Who Should Use HSN Code 40070010?
Every entity transacting in Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Thread, Not Covered must quote HSN Code 40070010 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
Entering the Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Thread, Not Covered market requires essential registrations. GST registration enables legal tax collection on HSN 40070010 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 application of HSN Code 40070010 for Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Thread, Not Covered 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)
Which chapter does HSN Code 40070010 belong to?
HSN Code 40070010 falls under Chapter 40 – Rubber And Articles Thereof in the GST tariff schedule. This chapter covers various goods including Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Thread, Not Covered.
Is IGST applicable on Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Thread, Not Covered?
Yes, IGST at 18.00% is applicable when Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Thread, Not Covered is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.
Can e-commerce sellers use HSN Code 40070010?
Yes, e-commerce sellers dealing in Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Thread, Not Covered must use HSN 40070010 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.
