Chapter 40 of the GST framework covers Rubber And Articles Thereof, and HSN Code 40139010 specifically identifies Inner Tubes, Of Rubber - Other : For Aircraft for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Inner Tubes, Of Rubber - Other : For Aircraft. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% 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 40139010
The tax structure for Inner Tubes, Of Rubber - Other : For Aircraft under HSN Code 40139010 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in u as the standard measurement for goods under Chapter 40 – Rubber And Articles Thereof.
Who Should Use HSN Code 40139010?
Manufacturers, wholesalers, retailers, and exporters dealing in Inner Tubes, Of Rubber - Other : For Aircraft are required to mention HSN 40139010 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
Entering the Inner Tubes, Of Rubber - Other : For Aircraft market requires essential registrations. GST registration enables legal tax collection on HSN 40139010 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
Correct HSN Code 40139010 application for Inner Tubes, Of Rubber - Other : For Aircraft ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 40 – Rubber And Articles Thereof through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 40139010?
The standard unit of measurement for Inner Tubes, Of Rubber - Other : For Aircraft under HSN Code 40139010 is u. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 40139010 mandatory for small businesses?
Yes, businesses dealing in Inner Tubes, Of Rubber - Other : For Aircraft must use HSN 40139010 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 Inner Tubes, Of Rubber - Other : For Aircraft?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 40139010 for Rubber And Articles Thereof goods before invoicing.
Do I need AD Code registration for exporting Inner Tubes, Of Rubber - Other : For Aircraft?
Yes, AD Code registration is required for exporters dealing in Inner Tubes, Of Rubber - Other : For Aircraft under Rubber And Articles Thereof. This registration links your bank account to process foreign currency payments from overseas buyers.
