Under the GST regime, HSN Code 40116200 classifies New Pneumatic Tyres, Of Rubber - Other, Having A Herring-Bone Or Similar Tread : Of A Kind Used On Construction Or Industrial Handling Vehicles And Machines And Having A Rim Size Not Exceeding 61 Cm 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 - Other, Having A Herring-Bone Or Similar Tread : Of A Kind Used On Construction Or Industrial Handling Vehicles And Machines And Having A Rim Size Not Exceeding 61 Cm. The applicable rates are CGST at 2.50%, SGST/UTGST at 2.50% for within-state sales, and IGST at 5.00% for interstate supplies. Goods are quantified using N.a.

Below are related HSN codes from Chapter 40 – Rubber And Articles Thereof for your reference:

The taxation of New Pneumatic Tyres, Of Rubber - Other, Having A Herring-Bone Or Similar Tread : Of A Kind Used On Construction Or Industrial Handling Vehicles And Machines And Having A Rim Size Not Exceeding 61 Cm under HSN Code 40116200 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use N.a for Rubber And Articles Thereof goods under Chapter 40.

All businesses supplying New Pneumatic Tyres, Of Rubber - Other, Having A Herring-Bone Or Similar Tread : Of A Kind Used On Construction Or Industrial Handling Vehicles And Machines And Having A Rim Size Not Exceeding 61 Cm are obligated to use HSN 40116200 on tax invoices. From producers to retailers within Rubber And Articles Thereof, Chapter 40 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Starting a business involving New Pneumatic Tyres, Of Rubber - Other, Having A Herring-Bone Or Similar Tread : Of A Kind Used On Construction Or Industrial Handling Vehicles And Machines And Having A Rim Size Not Exceeding 61 Cm? GST registration is mandatory for collecting and remitting taxes on HSN 40116200 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.

Accurate application of HSN Code 40116200 for New Pneumatic Tyres, Of Rubber - Other, Having A Herring-Bone Or Similar Tread : Of A Kind Used On Construction Or Industrial Handling Vehicles And Machines And Having A Rim Size Not Exceeding 61 Cm enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 40 – Rubber And Articles Thereof should monitor rate updates (2.50%, 2.50%, 5.00%) through official notifications to maintain seamless compliance.