Chapter 44 of the GST framework covers Wood And Articles Of Wood; Wo, and HSN Code 44123990 specifically identifies Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Other. Tax rates applicable include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18 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 44123990
For Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Other classified under HSN Code 44123990, tax computation follows GST principles. CGST at 0.09 plus SGST/UTGST at 0.09 covers intrastate sales. IGST at 0.18 applies to interstate transactions. m3 is the prescribed measurement for Wood And Articles Of Wood; Wo under Chapter 44.
Who Should Use HSN Code 44123990?
Every entity transacting in Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Other must quote HSN Code 44123990 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
Planning to trade in Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Other? Complete GST registration to legally collect taxes on goods under HSN 44123990. 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
Correct HSN Code 44123990 application for Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Other ensures smooth input credit utilization and assessment processes. Track 0.09, 0.09, and 0.18 rate changes for Chapter 44 – Wood And Articles Of Wood; Wo through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 44123990 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 44123990 for accurate classification of Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Other.
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:--- Other 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:--- Other purchases made under HSN 44123990. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.
What is the difference between CGST and IGST for HSN 44123990?
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outer Ply Of Non-Coniferous Wood:-- Other:--- Other is sold within the same state. IGST at 0.18 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:--- Other 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:--- Other internationally. For domestic trade within Wood And Articles Of Wood; Wo, GST registration is sufficient.
