Chapter 40 of the GST framework covers Rubber And Articles Thereof, and HSN Code 40139020 specifically identifies Inner Tubes, Of Rubber - Other : For Motor Cycle for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Inner Tubes, Of Rubber - Other : For Motor Cycle. 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 40139020

Tax liability for Inner Tubes, Of Rubber - Other : For Motor Cycle under HSN 40139020 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 40 – Rubber And Articles Thereof products must use u.

Who Should Use HSN Code 40139020?

Every entity transacting in Inner Tubes, Of Rubber - Other : For Motor Cycle must quote HSN Code 40139020 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

Starting a business involving Inner Tubes, Of Rubber - Other : For Motor Cycle? GST registration is mandatory for collecting and remitting taxes on HSN 40139020 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 40139020 usage for Inner Tubes, Of Rubber - Other : For Motor Cycle simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 40 – Rubber And Articles Thereof to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 40139020 used for?

HSN Code 40139020 is used to classify Inner Tubes, Of Rubber - Other : For Motor Cycle under Chapter 40 – Rubber And Articles Thereof for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 40139020?

For Inner Tubes, Of Rubber - Other : For Motor Cycle, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.

Do I need GST registration to trade in Inner Tubes, Of Rubber - Other : For Motor Cycle?

Yes, GST registration is mandatory for businesses dealing in Inner Tubes, Of Rubber - Other : For Motor Cycle under HSN 40139020. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Inner Tubes, Of Rubber - Other : For Motor Cycle?

For importing goods under Rubber And Articles Thereof, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 40

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