HSN Code 44123430 provides the tax classification for Marine And Aircraft Plywood under Chapter 44 – Wood And Articles Of Wood; Wo of the GST tariff. Businesses dealing in Marine And Aircraft Plywood must use this code for proper invoicing and return filing. Applicable taxes include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00%. The recognized 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 44123430

Tax liability for Marine And Aircraft Plywood under HSN 44123430 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 44123430?

All businesses supplying Marine And Aircraft Plywood are obligated to use HSN 44123430 on tax invoices. From producers to retailers within Wood And Articles Of Wood; Wo, Chapter 44 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Planning to trade in Marine And Aircraft Plywood? Complete GST registration to legally collect taxes on goods under HSN 44123430. 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 44123430 accurately for Marine And Aircraft Plywood 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)

What is the unit of measurement for HSN 44123430?

The standard unit of measurement for Marine And Aircraft Plywood under HSN Code 44123430 is m3. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 44123430 mandatory for small businesses?

Yes, businesses dealing in Marine And Aircraft Plywood must use HSN 44123430 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 Marine And Aircraft Plywood?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 44123430 for Wood And Articles Of Wood; Wo goods before invoicing.

Do I need AD Code registration for exporting Marine And Aircraft Plywood?

Yes, AD Code registration is required for exporters dealing in Marine And Aircraft Plywood under Wood And Articles Of Wood; Wo. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 44

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