42060010 is the designated HSN classification for Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons --- For Rackets, categorized under Chapter 42 – Articles Of Leather; Saddlery in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons --- For Rackets must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
HSN Codes under Chapter 42 – Articles Of Leather; Saddlery
Below are related HSN codes from Chapter 42 – Articles Of Leather; Saddlery for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Articles Of Leather; Saddlery... | 42010000 | Saddlery And Harness For Any Animal (Including Tra... | 0.09 | 0.09 | 0.18 |
| Articles Of Leather; Saddlery... | 42021110 | Trunks, Suit-Cases, Vanity-Cases, Executivecases, ... | 9.00% | 9.00% | 18.00% |
| Articles Of Leather; Saddlery... | 42021120 | Trunks, Suit-Cases, Vanity-Cases, Executivecases, ... | 9.00% | 9.00% | 18.00% |
| Articles Of Leather; Saddlery... | 42021130 | Trunks, Suit-Cases, Vanity-Cases, Executivecases, ... | 9.00% | 9.00% | 18.00% |
| Articles Of Leather; Saddlery... | 42021140 | Trunks, Suit-Cases, Vanity-Cases, Executivecases, ... | 9.00% | 9.00% | 18.00% |
| Articles Of Leather; Saddlery... | 42021150 | Trunks, Suit-Cases, Vanity-Cases, Executivecases, ... | 9.00% | 9.00% | 18.00% |
| Articles Of Leather; Saddlery... | 42021160 | Trunks, Suit-Cases, Vanity-Cases, Executivecases, ... | 9.00% | 9.00% | 18.00% |
| Articles Of Leather; Saddlery... | 42021170 | Trunks, Suit-Cases, Vanity-Cases, Executivecases, ... | 9.00% | 9.00% | 18.00% |
| Articles Of Leather; Saddlery... | 42021190 | Trunks, Suit-Cases, Vanity-Cases, Executivecases, ... | 0.09 | 0.09 | 0.18 |
| Articles Of Leather; Saddlery... | 42021210 | Trunks, Suit-Cases, Vanity-Cases, Executivecases, ... | 9.00% | 9.00% | 18.00% |
GST Rates for HSN 42060010
Tax liability for Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons --- For Rackets under HSN 42060010 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 42 – Articles Of Leather; Saddlery products must use kg..
Who Should Use HSN Code 42060010?
Manufacturers, wholesalers, retailers, and exporters dealing in Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons --- For Rackets are required to mention HSN 42060010 on all tax documents. This classification under Articles Of Leather; Saddlery applies to businesses of all sizes operating within Chapter 42. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Starting a business involving Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons --- For Rackets? GST registration is mandatory for collecting and remitting taxes on HSN 42060010 goods. Companies planning international trade within Articles Of Leather; Saddlery 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 application of HSN Code 42060010 for Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons --- For Rackets enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 42 – Articles Of Leather; Saddlery should monitor rate updates (9.00%, 9.00%, 18.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
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 42060010 for accurate classification of Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons --- For Rackets.
Yes, registered businesses can claim input tax credit on Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons --- For Rackets purchases made under HSN 42060010. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons --- For Rackets is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export Articles Of Gut (Other Than Silk-Worm Gut), Of Goldbeater`S Skin, Of Bladders Or Of Tendons --- For Rackets internationally. For domestic trade within Articles Of Leather; Saddlery, GST registration is sufficient.