Under the GST regime, HSN Code 44123150 classifies Plywood, Veneered Panels And Similar Laminated Wood -- Other Plywood, Consisting Solely Of Sheets Of Wood (Other Than Bamboo), Each Ply Not Exceeding 6 Mm Thickness: With At Least One Outer Ply Of Tropical Wood Specified In Sub-Heading Note 1 To This Cha... within Chapter 44 – Wood And Articles Of Wood; Wo. This code is essential for businesses to correctly calculate and remit taxes on Plywood, Veneered Panels And Similar Laminated Wood -- Other Plywood, Consisting Solely Of Sheets Of Wood (Other Than Bamboo), Each Ply Not Exceeding 6 Mm Thickness: With At Least One Outer Ply Of Tropical Wood Specified In Sub-Heading Note 1 To This Cha.... 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 m3.
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 44123150
Tax liability for Plywood, Veneered Panels And Similar Laminated Wood -- Other Plywood, Consisting Solely Of Sheets Of Wood (Other Than Bamboo), Each Ply Not Exceeding 6 Mm Thickness: With At Least One Outer Ply Of Tropical Wood Specified In Sub-Heading Note 1 To This Cha... under HSN 44123150 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 44 – Wood And Articles Of Wood; Wo products must use m3.
Who Should Use HSN Code 44123150?
Every entity transacting in Plywood, Veneered Panels And Similar Laminated Wood -- Other Plywood, Consisting Solely Of Sheets Of Wood (Other Than Bamboo), Each Ply Not Exceeding 6 Mm Thickness: With At Least One Outer Ply Of Tropical Wood Specified In Sub-Heading Note 1 To This Cha... must quote HSN Code 44123150 on invoices. This includes traders, distributors, and e-commerce sellers operating under Wood And Articles Of Wood; Wo. Chapter 44 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Entering the Plywood, Veneered Panels And Similar Laminated Wood -- Other Plywood, Consisting Solely Of Sheets Of Wood (Other Than Bamboo), Each Ply Not Exceeding 6 Mm Thickness: With At Least One Outer Ply Of Tropical Wood Specified In Sub-Heading Note 1 To This Cha... market requires essential registrations. GST registration enables legal tax collection on HSN 44123150 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
Proper use of HSN Code 44123150 for Plywood, Veneered Panels And Similar Laminated Wood -- Other Plywood, Consisting Solely Of Sheets Of Wood (Other Than Bamboo), Each Ply Not Exceeding 6 Mm Thickness: With At Least One Outer Ply Of Tropical Wood Specified In Sub-Heading Note 1 To This Cha... streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 44 – Wood And Articles Of Wood; Wo through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
The standard unit of measurement for Plywood, Veneered Panels And Similar Laminated Wood -- Other Plywood, Consisting Solely Of Sheets Of Wood (Other Than Bamboo), Each Ply Not Exceeding 6 Mm Thickness: With At Least One Outer Ply Of Tropical Wood Specified In Sub-Heading Note 1 To This Cha... under HSN Code 44123150 is m3. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Plywood, Veneered Panels And Similar Laminated Wood -- Other Plywood, Consisting Solely Of Sheets Of Wood (Other Than Bamboo), Each Ply Not Exceeding 6 Mm Thickness: With At Least One Outer Ply Of Tropical Wood Specified In Sub-Heading Note 1 To This Cha... must use HSN 44123150 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 44123150 for Wood And Articles Of Wood; Wo goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Plywood, Veneered Panels And Similar Laminated Wood -- Other Plywood, Consisting Solely Of Sheets Of Wood (Other Than Bamboo), Each Ply Not Exceeding 6 Mm Thickness: With At Least One Outer Ply Of Tropical Wood Specified In Sub-Heading Note 1 To This Cha... under Wood And Articles Of Wood; Wo. This registration links your bank account to process foreign currency payments from overseas buyers.
