What is HSN code 43040020?

HSN code 43040020 is a classification under the Harmonized System of Nomenclature used to identify goods for GST in India. The goods description and applicable GST rate are shown in the details on this page.

What is the GST rate for HSN code 43040020?

The GST rate applicable to HSN 43040020 is shown in the details above. GST rates are revised from time to time through CBIC notifications, so always confirm the current rate before raising an invoice.

How many digits does an HSN code have?

Under Indian GST, HSN codes are 2, 4, 6 or 8 digits. Businesses quote 4, 6 or 8 digits on invoices depending on turnover; code 43040020 follows this same structure.

What is the structure of HSN code 43040020?

An HSN code breaks down into a 2-digit Chapter, 4-digit Heading and 6-digit Sub-heading, extending to an 8-digit tariff item in India. Code 43040020 sits within this hierarchy.

Where is the HSN code used?

HSN codes are quoted on GST invoices and in GSTR-1 returns, and are used to classify goods for GST rate determination and customs.

File your Income Tax Return with Patron Accounting — CA-assisted

HSN Code & GST Rates for Artificial Fur And Articles :- 43040020

GST Registration Trademark Registration IEC Registration Private Limited Registration

HSN Code

43040020

Harmonized System of Nomenclature

Chapter: 43
Heading: 4304
Sub-heading: 430400
Type: Tariff item (8-digit)
Classification: HSN (GST)

Within Chapter 43 – Furskins And Artificial Fur;, HSN Code 43040020 serves as the official classification for Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur. This code determines tax rates and compliance obligations for all entities trading in Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur. CGST applies at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Measurement is standardized in 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 43040020

Tax liability for Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur under HSN 43040020 varies by transaction geography. CGST at 0.09 combined with SGST/UTGST at 0.09 applies to local sales. Interstate movement attracts IGST at 0.18. All billing for Chapter 43 – Furskins And Artificial Fur; products must use kg..

Who Should Use HSN Code 43040020?

Every entity transacting in Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur must quote HSN Code 43040020 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

Entering the Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur market requires essential registrations. GST registration enables legal tax collection on HSN 43040020 goods. For cross-border trade in Furskins And Artificial Fur; items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Using HSN Code 43040020 accurately for Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur avoids compliance issues and facilitates credit claims. Monitor changes to 0.09, 0.09, and 0.18 rates for Chapter 43 – Furskins And Artificial Fur; to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 43040020?

The standard unit of measurement for Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur under HSN Code 43040020 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 43040020 mandatory for small businesses?

Yes, businesses dealing in Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur must use HSN 43040020 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 Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 43040020 for Furskins And Artificial Fur; goods before invoicing.

Do I need AD Code registration for exporting Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur?

Yes, AD Code registration is required for exporters dealing in Artificial Fur And Articles Thereof 4304 00 - Artificial Fur And Articles Thereof: Articles Of Artificial Fur under Furskins And Artificial Fur;. This registration links your bank account to process foreign currency payments from overseas buyers.