Chapter 44 of the GST framework covers Wood And Articles Of Wood; Wo, and HSN Code 44122920 specifically identifies Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% for interstate movements. The standard unit of measurement is N.a.
HSN Codes under Chapter 44 – Wood And Articles Of Wood; Wo
Below are related HSN codes from Chapter 44 – Wood And Articles Of Wood; Wo for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Wood And Articles Of Wood; Wo... | 44011010 | Fuel Wood, In Logs, In Billets, In Twigs, In Faggo... | 2.50% | 2.50% | 5.00% |
| Wood And Articles Of Wood; Wo... | 44011090 | Fuel Wood, In Logs, In Billets, In Twigs, In Faggo... | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44011110 | In Logs | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44011190 | Other | Nil | Nil | Nil |
| Wood And Articles Of Wood; Wo... | 44011210 | In Logs | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44011290 | Other | Nil | Nil | Nil |
| Wood And Articles Of Wood; Wo... | 44012100 | Fuel Wood, In Logs, In Billets, In Twigs, In Faggo... | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44012200 | Fuel Wood, In Logs, In Billets, In Twigs, In Faggo... | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44013100 | Fuel Wood, In Logs, In Billets, In Twigs, In Faggo... | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44013200 | Wood And Articles Of Wood; Wood Charcoal~Fuel Wood... | 0.025 | 0.025 | 0.05 |
GST Rates for HSN 44122920
The tax structure for Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood under HSN Code 44122920 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in N.a as the standard measurement for goods under Chapter 44 – Wood And Articles Of Wood; Wo.
Who Should Use HSN Code 44122920?
Traders, manufacturers, and importers of Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood are required to mention HSN Code 44122920 on all GST documents. This Wood And Articles Of Wood; Wo classification under Chapter 44 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Entering the Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood market requires essential registrations. GST registration enables legal tax collection on HSN 44122920 goods. For cross-border trade in Wood And Articles Of Wood; Wo 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
Correct HSN Code 44122920 application for Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 44 – Wood And Articles Of Wood; Wo through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 44122920 should I mention on invoices?
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 44122920 for accurate classification of Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood.
Can I claim input tax credit on Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood purchases?
Yes, registered businesses can claim input tax credit on Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood purchases made under HSN 44122920. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
What is the difference between CGST and IGST for HSN 44122920?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood domestically?
No, Import Export Code is only required if you plan to import or export Plywood, Veneered Panels And Similar Laminated Wood - Other, With At Least One Outer Ply Of Nonconiferous Wood : Other : Decorative Plywood internationally. For domestic trade within Wood And Articles Of Wood; Wo, GST registration is sufficient.
