Under the GST regime, HSN Code 44123420 classifies Tea Chest Panels, Shooks Whether Or Not Packed In Sets within Chapter 44 – Wood And Articles Of Wood; Wo. This code is essential for businesses to correctly calculate and remit taxes on Tea Chest Panels, Shooks Whether Or Not Packed In Sets. 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 44123420
The tax structure for Tea Chest Panels, Shooks Whether Or Not Packed In Sets under HSN Code 44123420 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 m3 as the standard measurement for goods under Chapter 44 – Wood And Articles Of Wood; Wo.
Who Should Use HSN Code 44123420?
Traders, manufacturers, and importers of Tea Chest Panels, Shooks Whether Or Not Packed In Sets are required to mention HSN Code 44123420 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
Starting a business involving Tea Chest Panels, Shooks Whether Or Not Packed In Sets? GST registration is mandatory for collecting and remitting taxes on HSN 44123420 goods. Companies planning international trade within Wood And Articles Of Wood; Wo 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
Proper use of HSN Code 44123420 for Tea Chest Panels, Shooks Whether Or Not Packed In Sets 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)
What is HSN Code 44123420 used for?
HSN Code 44123420 is used to classify Tea Chest Panels, Shooks Whether Or Not Packed In Sets under Chapter 44 – Wood And Articles Of Wood; Wo for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 44123420?
For Tea Chest Panels, Shooks Whether Or Not Packed In Sets, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.
Do I need GST registration to trade in Tea Chest Panels, Shooks Whether Or Not Packed In Sets?
Yes, GST registration is mandatory for businesses dealing in Tea Chest Panels, Shooks Whether Or Not Packed In Sets under HSN 44123420. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Tea Chest Panels, Shooks Whether Or Not Packed In Sets?
For importing goods under Wood And Articles Of Wood; Wo, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
