Chapter 44 of the GST framework covers Wood And Articles Of Wood; Wo, and HSN Code 44123320 specifically identifies Tea Chest Panels, Shooks Whether Or Not Packed In Sets for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Tea Chest Panels, Shooks Whether Or Not Packed In Sets. 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 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 44123320
Tax liability for Tea Chest Panels, Shooks Whether Or Not Packed In Sets under HSN 44123320 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 44123320?
Manufacturers, wholesalers, retailers, and exporters dealing in Tea Chest Panels, Shooks Whether Or Not Packed In Sets are required to mention HSN 44123320 on all tax documents. This classification under Wood And Articles Of Wood; Wo applies to businesses of all sizes operating within Chapter 44. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Planning to trade in Tea Chest Panels, Shooks Whether Or Not Packed In Sets? Complete GST registration to legally collect taxes on goods under HSN 44123320. Businesses importing or exporting Wood And Articles Of Wood; Wo products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Using HSN Code 44123320 accurately for Tea Chest Panels, Shooks Whether Or Not Packed In Sets avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 44 – Wood And Articles Of Wood; Wo to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 44123320 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 44123320 for accurate classification of Tea Chest Panels, Shooks Whether Or Not Packed In Sets.
Can I claim input tax credit on Tea Chest Panels, Shooks Whether Or Not Packed In Sets purchases?
Yes, registered businesses can claim input tax credit on Tea Chest Panels, Shooks Whether Or Not Packed In Sets purchases made under HSN 44123320. 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 44123320?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Tea Chest Panels, Shooks Whether Or Not Packed In Sets 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 Tea Chest Panels, Shooks Whether Or Not Packed In Sets domestically?
No, Import Export Code is only required if you plan to import or export Tea Chest Panels, Shooks Whether Or Not Packed In Sets internationally. For domestic trade within Wood And Articles Of Wood; Wo, GST registration is sufficient.
