Within Chapter 40 – Rubber And Articles Thereof, HSN Code 40131020 serves as the official classification for Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses. This code determines tax rates and compliance obligations for all entities trading in Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses. CGST applies at 0.025, SGST/UTGST at 0.025 for local transactions, and IGST at 0.05 for interstate supplies. Measurement is standardized in 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 40131020
The taxation of Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses under HSN Code 40131020 depends on supply location. Intrastate transactions require CGST at 0.025 and SGST/UTGST at 0.025. Interstate supplies are charged IGST at 0.05. Invoices should consistently use N.a for Rubber And Articles Thereof goods under Chapter 40.
Who Should Use HSN Code 40131020?
Every entity transacting in Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses must quote HSN Code 40131020 on invoices. This includes traders, distributors, and e-commerce sellers operating under Rubber And Articles Thereof. Chapter 40 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Entering the Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses market requires essential registrations. GST registration enables legal tax collection on HSN 40131020 goods. For cross-border trade in Rubber And Articles Thereof items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Using HSN Code 40131020 accurately for Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses avoids compliance issues and facilitates credit claims. Monitor changes to 0.025, 0.025, and 0.05 rates for Chapter 40 – Rubber And Articles Thereof to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 40131020 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 40131020 for accurate classification of Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses.
Can I claim input tax credit on Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses purchases?
Yes, registered businesses can claim input tax credit on Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses purchases made under HSN 40131020. Ensure your supplier mentions correct HSN code and GST rates (0.025, 0.025) on the invoice.
What is the difference between CGST and IGST for HSN 40131020?
CGST at 0.025 plus SGST/UTGST at 0.025 applies when Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses is sold within the same state. IGST at 0.05 is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses domestically?
No, Import Export Code is only required if you plan to import or export Inner Tubes, Of Rubber - Of A Kind Used On Motor Cars (Including Station Wagons And Racing Cars), Buses Or Lorries : For Lorries And Buses internationally. For domestic trade within Rubber And Articles Thereof, GST registration is sufficient.
