Under the GST regime, HSN Code 43040011 classifies Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Artificial Fur : Artificial Fur As Trimmings And Embellishments For Garments, Made Ups, Knitwear, Plastic And Leather Goods within Chapter 43 – Furskins And Artificial Fur;. This code is essential for businesses to correctly calculate and remit taxes on Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Artificial Fur : Artificial Fur As Trimmings And Embellishments For Garments, Made Ups, Knitwear, Plastic And Leather Goods. The applicable rates are CGST at 9.00%, SGST/UTGST at 9.00% for within-state sales, and IGST at 18.00% for interstate supplies. Goods are quantified using kg..
HSN Codes under Chapter 43 – Furskins And Artificial Fur;
Below are related HSN codes from Chapter 43 – Furskins And Artificial Fur; for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Furskins And Artificial Fur;... | 43011000 | Raw Furskins (Including Heads, Tails, Paws And Oth... | 0.09 | 0.09 | 0.18 |
| Furskins And Artificial Fur;... | 43013000 | Raw Furskins (Including Heads, Tails, Paws And Oth... | 0.09 | 0.09 | 0.18 |
| Furskins And Artificial Fur;... | 43016000 | Raw Furskins (Including Heads, Tails, Paws And Oth... | 9.00% | 9.00% | 18.00% |
| Furskins And Artificial Fur;... | 43017000 | Raw Furskins (Including Heads, Tails, Paws And Oth... | 0.09 | 0.09 | 0.18 |
| Furskins And Artificial Fur;... | 43018000 | Raw Furskins (Including Heads, Tails, Paws And Oth... | 0.09 | 0.09 | 0.18 |
| Furskins And Artificial Fur;... | 43019000 | Raw Furskins (Including Heads, Tails, Paws And Oth... | 0.09 | 0.09 | 0.18 |
| Furskins And Artificial Fur;... | 43021100 | Tanned Or Dressed Furskins (Including Heads, Tails... | 9.00% | 9.00% | 18.00% |
| Furskins And Artificial Fur;... | 43021300 | Tanned Or Dressed Furskins (Including Heads, Tails... | 0.09 | 0.09 | 0.18 |
| Furskins And Artificial Fur;... | 43021910 | Tanned Or Dressed Furskins (Including Heads, Tails... | 9.00% | 9.00% | 18.00% |
| Furskins And Artificial Fur;... | 43021920 | Tanned Or Dressed Furskins (Including Heads, Tails... | 9.00% | 9.00% | 18.00% |
GST Rates for HSN 43040011
Goods classified as Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Artificial Fur : Artificial Fur As Trimmings And Embellishments For Garments, Made Ups, Knitwear, Plastic And Leather Goods under HSN 43040011 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 kg. as the measurement standard for Chapter 43 – Furskins And Artificial Fur; products.
Who Should Use HSN Code 43040011?
Every entity transacting in Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Artificial Fur : Artificial Fur As Trimmings And Embellishments For Garments, Made Ups, Knitwear, Plastic And Leather Goods must quote HSN Code 43040011 on invoices. This includes traders, distributors, and e-commerce sellers operating under Furskins And Artificial Fur;. Chapter 43 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Artificial Fur : Artificial Fur As Trimmings And Embellishments For Garments, Made Ups, Knitwear, Plastic And Leather Goods? GST registration is mandatory for collecting and remitting taxes on HSN 43040011 goods. Companies planning international trade within Furskins And Artificial Fur; 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
Using HSN Code 43040011 accurately for Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Artificial Fur : Artificial Fur As Trimmings And Embellishments For Garments, Made Ups, Knitwear, Plastic And Leather Goods avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 43 – Furskins And Artificial Fur; to maintain accurate filings and smooth business operations.
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 43040011 for accurate classification of Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Artificial Fur : Artificial Fur As Trimmings And Embellishments For Garments, Made Ups, Knitwear, Plastic And Leather Goods.
Yes, registered businesses can claim input tax credit on Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Artificial Fur : Artificial Fur As Trimmings And Embellishments For Garments, Made Ups, Knitwear, Plastic And Leather Goods purchases made under HSN 43040011. 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 Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Artificial Fur : Artificial Fur As Trimmings And Embellishments For Garments, Made Ups, Knitwear, Plastic And Leather Goods 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 Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Artificial Fur : Artificial Fur As Trimmings And Embellishments For Garments, Made Ups, Knitwear, Plastic And Leather Goods internationally. For domestic trade within Furskins And Artificial Fur;, GST registration is sufficient.