Within Chapter 40 – Rubber And Articles Thereof, HSN Code 40139041 serves as the official classification for Inner Tubes, Of Rubber - Other : - For Tractors : Rear Tyres. This code determines tax rates and compliance obligations for all entities trading in Inner Tubes, Of Rubber - Other : - For Tractors : Rear Tyres. CGST applies at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Measurement is standardized in 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 40139041
Goods classified as Inner Tubes, Of Rubber - Other : - For Tractors : Rear Tyres under HSN 40139041 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect u as the measurement standard for Chapter 40 – Rubber And Articles Thereof products.
Who Should Use HSN Code 40139041?
Any business engaged in supplying Inner Tubes, Of Rubber - Other : - For Tractors : Rear Tyres must apply HSN 40139041 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
Planning to trade in Inner Tubes, Of Rubber - Other : - For Tractors : Rear Tyres? Complete GST registration to legally collect taxes on goods under HSN 40139041. Businesses importing or exporting Rubber And Articles Thereof products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Correct HSN Code 40139041 application for Inner Tubes, Of Rubber - Other : - For Tractors : Rear Tyres 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 40139041?
The standard unit of measurement for Inner Tubes, Of Rubber - Other : - For Tractors : Rear Tyres under HSN Code 40139041 is u. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 40139041 mandatory for small businesses?
Yes, businesses dealing in Inner Tubes, Of Rubber - Other : - For Tractors : Rear Tyres must use HSN 40139041 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 Tractors : Rear Tyres?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 40139041 for Rubber And Articles Thereof goods before invoicing.
Do I need AD Code registration for exporting Inner Tubes, Of Rubber - Other : - For Tractors : Rear Tyres?
Yes, AD Code registration is required for exporters dealing in Inner Tubes, Of Rubber - Other : - For Tractors : Rear Tyres under Rubber And Articles Thereof. This registration links your bank account to process foreign currency payments from overseas buyers.
