40103490 is the designated HSN classification for Conveyor Or Transmission Belts Or Belting Of Vulcanised Rubber - Transmission Belts Or Belting : Endless Transmission Belts Of Trapezoidal Cross-Section (V-Belts), Other Than V-Ribbed, Of An Outside Circumference Exceeding 180 Cm But Not Exceeding 240 Cm..., categorized under Chapter 40 – Rubber And Articles Thereof in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Conveyor Or Transmission Belts Or Belting Of Vulcanised Rubber - Transmission Belts Or Belting : Endless Transmission Belts Of Trapezoidal Cross-Section (V-Belts), Other Than V-Ribbed, Of An Outside Circumference Exceeding 180 Cm But Not Exceeding 240 Cm... must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Quantities are measured in kg. for billing purposes.
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 40103490
For Conveyor Or Transmission Belts Or Belting Of Vulcanised Rubber - Transmission Belts Or Belting : Endless Transmission Belts Of Trapezoidal Cross-Section (V-Belts), Other Than V-Ribbed, Of An Outside Circumference Exceeding 180 Cm But Not Exceeding 240 Cm... classified under HSN Code 40103490, 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 40103490?
Manufacturers, wholesalers, retailers, and exporters dealing in Conveyor Or Transmission Belts Or Belting Of Vulcanised Rubber - Transmission Belts Or Belting : Endless Transmission Belts Of Trapezoidal Cross-Section (V-Belts), Other Than V-Ribbed, Of An Outside Circumference Exceeding 180 Cm But Not Exceeding 240 Cm... are required to mention HSN 40103490 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
Starting a business involving Conveyor Or Transmission Belts Or Belting Of Vulcanised Rubber - Transmission Belts Or Belting : Endless Transmission Belts Of Trapezoidal Cross-Section (V-Belts), Other Than V-Ribbed, Of An Outside Circumference Exceeding 180 Cm But Not Exceeding 240 Cm...? GST registration is mandatory for collecting and remitting taxes on HSN 40103490 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
Correct HSN Code 40103490 application for Conveyor Or Transmission Belts Or Belting Of Vulcanised Rubber - Transmission Belts Or Belting : Endless Transmission Belts Of Trapezoidal Cross-Section (V-Belts), Other Than V-Ribbed, Of An Outside Circumference Exceeding 180 Cm But Not Exceeding 240 Cm... 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)
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 40103490 for accurate classification of Conveyor Or Transmission Belts Or Belting Of Vulcanised Rubber - Transmission Belts Or Belting : Endless Transmission Belts Of Trapezoidal Cross-Section (V-Belts), Other Than V-Ribbed, Of An Outside Circumference Exceeding 180 Cm But Not Exceeding 240 Cm....
Yes, registered businesses can claim input tax credit on Conveyor Or Transmission Belts Or Belting Of Vulcanised Rubber - Transmission Belts Or Belting : Endless Transmission Belts Of Trapezoidal Cross-Section (V-Belts), Other Than V-Ribbed, Of An Outside Circumference Exceeding 180 Cm But Not Exceeding 240 Cm... purchases made under HSN 40103490. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Conveyor Or Transmission Belts Or Belting Of Vulcanised Rubber - Transmission Belts Or Belting : Endless Transmission Belts Of Trapezoidal Cross-Section (V-Belts), Other Than V-Ribbed, Of An Outside Circumference Exceeding 180 Cm But Not Exceeding 240 Cm... is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export Conveyor Or Transmission Belts Or Belting Of Vulcanised Rubber - Transmission Belts Or Belting : Endless Transmission Belts Of Trapezoidal Cross-Section (V-Belts), Other Than V-Ribbed, Of An Outside Circumference Exceeding 180 Cm But Not Exceeding 240 Cm... internationally. For domestic trade within Rubber And Articles Thereof, GST registration is sufficient.