40139050 is the designated HSN classification for Inner Tubes, Of Rubber - Other : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws, categorized under Chapter 40 – Rubber And Articles Thereof in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Inner Tubes, Of Rubber - Other : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Quantities are measured in u for billing purposes.
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 40139050
For Inner Tubes, Of Rubber - Other : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws classified under HSN Code 40139050, tax computation follows GST principles. CGST at 2.50% plus SGST/UTGST at 2.50% covers intrastate sales. IGST at 5.00% applies to interstate transactions. u is the prescribed measurement for Rubber And Articles Thereof under Chapter 40.
Who Should Use HSN Code 40139050?
All businesses supplying Inner Tubes, Of Rubber - Other : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws are obligated to use HSN 40139050 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.
Business Registration Requirements
Commencing trade in Inner Tubes, Of Rubber - Other : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws? Secure GST registration to handle taxes on HSN 40139050 classified goods. Businesses with international operations in Rubber And Articles Thereof need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Accurate application of HSN Code 40139050 for Inner Tubes, Of Rubber - Other : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws 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.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 40139050?
The standard unit of measurement for Inner Tubes, Of Rubber - Other : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws under HSN Code 40139050 is u. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 40139050 mandatory for small businesses?
Yes, businesses dealing in Inner Tubes, Of Rubber - Other : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws must use HSN 40139050 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 : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 40139050 for Rubber And Articles Thereof goods before invoicing.
Do I need AD Code registration for exporting Inner Tubes, Of Rubber - Other : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws?
Yes, AD Code registration is required for exporters dealing in Inner Tubes, Of Rubber - Other : Of A Kind Used In Tyres Of Cycle Rickshaws And Three-Wheeled Powered Cycle-Rickshaws under Rubber And Articles Thereof. This registration links your bank account to process foreign currency payments from overseas buyers.
