HSN Code 44123940 provides the tax classification for Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm under Chapter 44 – Wood And Articles Of Wood; Wo of the GST tariff. Businesses dealing in Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm 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 44123940
Goods classified as Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm under HSN 44123940 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect m3 as the measurement standard for Chapter 44 – Wood And Articles Of Wood; Wo products.
Who Should Use HSN Code 44123940?
Traders, manufacturers, and importers of Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm are required to mention HSN Code 44123940 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
Commencing trade in Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm? Secure GST registration to handle taxes on HSN 44123940 classified goods. Businesses with international operations in Wood And Articles Of Wood; Wo need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Accurate HSN Code 44123940 usage for Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 44 – Wood And Articles Of Wood; Wo to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 44123940 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 44123940 for accurate classification of Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm.
Can I claim input tax credit on Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm 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 Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm purchases made under HSN 44123940. 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 44123940?
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 Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm 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 Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm 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 Non-Coniferous Wood:-- Other:--- Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm internationally. For domestic trade within Wood And Articles Of Wood; Wo, GST registration is sufficient.
