HSN Code 40070090 provides the tax classification for Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other under Chapter 40 – Rubber And Articles Thereof of the GST tariff. Businesses dealing in Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other 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 40070090
Tax liability for Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other under HSN 40070090 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 40070090?
Any business engaged in supplying Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other must apply HSN 40070090 on invoices. The Rubber And Articles Thereof category under Chapter 40 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Planning to trade in Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other? Complete GST registration to legally collect taxes on goods under HSN 40070090. Businesses importing or exporting Rubber And Articles Thereof products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Proper use of HSN Code 40070090 for Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other streamlines audit processes and supports valid credit claims. Stay updated on 0.09, 0.09, and 0.18 rates for Chapter 40 – Rubber And Articles Thereof through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 40070090 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 40070090 for accurate classification of Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other.
Can I claim input tax credit on Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other purchases?
Yes, registered businesses can claim input tax credit on Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other purchases made under HSN 40070090. 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 40070090?
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other 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 Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other domestically?
No, Import Export Code is only required if you plan to import or export Vulcanised Rubber Thread And Cord - Vulcanised Rubber Thread And Cord : Other internationally. For domestic trade within Rubber And Articles Thereof, GST registration is sufficient.
