Chapter 40 of the GST framework covers Rubber And Articles Thereof, and HSN Code 40112010 specifically identifies New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials for taxation purposes. This classification is mandatory for all businesses engaged in the supply of New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials. Tax rates applicable include CGST at 14.00%, SGST/UTGST at 14.00%, and IGST at 28.00% for interstate movements. The standard unit of measurement is u.
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 40112010
For New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials classified under HSN Code 40112010, tax computation follows GST principles. CGST at 14.00% plus SGST/UTGST at 14.00% covers intrastate sales. IGST at 28.00% applies to interstate transactions. u is the prescribed measurement for Rubber And Articles Thereof under Chapter 40.
Who Should Use HSN Code 40112010?
Any business engaged in supplying New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials must apply HSN 40112010 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
Starting a business involving New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials? GST registration is mandatory for collecting and remitting taxes on HSN 40112010 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 HSN Code 40112010 usage for New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials simplifies reconciliation and protects against penalties. Keep current with 14.00%, 14.00%, and 28.00% updates for Chapter 40 – Rubber And Articles Thereof to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 40112010?
The standard unit of measurement for New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials under HSN Code 40112010 is u. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 40112010 mandatory for small businesses?
Yes, businesses dealing in New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials must use HSN 40112010 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 40112010 for Rubber And Articles Thereof goods before invoicing.
Do I need AD Code registration for exporting New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials?
Yes, AD Code registration is required for exporters dealing in New Pneumatic Tyres, Of Rubber - Of A Kind Used On Buses Or Lorries : Radials under Rubber And Articles Thereof. This registration links your bank account to process foreign currency payments from overseas buyers.
