Under the GST regime, HSN Code 40111010 classifies New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials within Chapter 40 – Rubber And Articles Thereof. This code is essential for businesses to correctly calculate and remit taxes on New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials. The applicable rates are CGST at 14.00%, SGST/UTGST at 14.00% for within-state sales, and IGST at 28.00% for interstate supplies. Goods are quantified using N.a.
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 40111010
The taxation of New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials under HSN Code 40111010 depends on supply location. Intrastate transactions require CGST at 14.00% and SGST/UTGST at 14.00%. Interstate supplies are charged IGST at 28.00%. Invoices should consistently use N.a for Rubber And Articles Thereof goods under Chapter 40.
Who Should Use HSN Code 40111010?
Manufacturers, wholesalers, retailers, and exporters dealing in New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials are required to mention HSN 40111010 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
Commencing trade in New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials? Secure GST registration to handle taxes on HSN 40111010 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
Proper use of HSN Code 40111010 for New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials streamlines audit processes and supports valid credit claims. Stay updated on 14.00%, 14.00%, and 28.00% 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 40111010 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 40111010 for accurate classification of New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials.
Can I claim input tax credit on New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials purchases?
Yes, registered businesses can claim input tax credit on New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials purchases made under HSN 40111010. Ensure your supplier mentions correct HSN code and GST rates (14.00%, 14.00%) on the invoice.
What is the difference between CGST and IGST for HSN 40111010?
CGST at 14.00% plus SGST/UTGST at 14.00% applies when New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials is sold within the same state. IGST at 28.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials domestically?
No, Import Export Code is only required if you plan to import or export New Pneumatic Tyres, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars) : Radials internationally. For domestic trade within Rubber And Articles Thereof, GST registration is sufficient.
