What is HSN code 45020000?

HSN code 45020000 is a classification under the Harmonized System of Nomenclature used to identify goods for GST in India. The goods description and applicable GST rate are shown in the details on this page.

What is the GST rate for HSN code 45020000?

The GST rate applicable to HSN 45020000 is shown in the details above. GST rates are revised from time to time through CBIC notifications, so always confirm the current rate before raising an invoice.

How many digits does an HSN code have?

Under Indian GST, HSN codes are 2, 4, 6 or 8 digits. Businesses quote 4, 6 or 8 digits on invoices depending on turnover; code 45020000 follows this same structure.

What is the structure of HSN code 45020000?

An HSN code breaks down into a 2-digit Chapter, 4-digit Heading and 6-digit Sub-heading, extending to an 8-digit tariff item in India. Code 45020000 sits within this hierarchy.

Where is the HSN code used?

HSN codes are quoted on GST invoices and in GSTR-1 returns, and are used to classify goods for GST rate determination and customs.

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HSN Code & GST Rates for Natural Cork, Debacked Or Roughly :- 45020000

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HSN Code

45020000

Harmonized System of Nomenclature

Chapter: 45
Heading: 4502
Sub-heading: 450200
Type: Tariff item (8-digit)
Classification: HSN (GST)

HSN Code 45020000 provides the tax classification for Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers) under Chapter 45 – Cork And Articles Of Cork of the GST tariff. Businesses dealing in Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers) must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.06, SGST/UTGST at 0.06, and IGST at 0.12. The recognized unit of measurement is 0.

HSN Codes under Chapter 45 – Cork And Articles Of Cork

Below are related HSN codes from Chapter 45 – Cork And Articles Of Cork for your reference:

Chapter	HSN Code	Description	CGST	SGST/UTGST	IGST
Cork And Articles Of Cork...	45011000	Natural Cork, Raw Or Simply Prepared; Waste Cork; ...	0.025	0.025	0.05
Cork And Articles Of Cork...	45019000	Natural Cork, Raw Or Simply Prepared; Waste Cork; ...	0.09	0.09	0.18
Cork And Articles Of Cork...	45020000	Natural Cork, Debacked Or Roughly Squared, Or In R...	0.06	0.06	0.12
Cork And Articles Of Cork...	45031000	Articles Of Natural Cork - Corks And Stoppers	0.06	0.06	0.12
Cork And Articles Of Cork...	45039010	Articles Of Natural Cork - Other : Shuttlecock Cor...	6.00%	6.00%	12.00%
Cork And Articles Of Cork...	45039090	Articles Of Natural Cork - Other : Other	0.06	0.06	0.12
Cork And Articles Of Cork...	45041010	Agglomerated Cork (With Or Without A Binding Subst...	6.00%	6.00%	12.00%
Cork And Articles Of Cork...	45041020	Agglomerated Cork (With Or Without A Binding Subst...	6.00%	6.00%	12.00%
Cork And Articles Of Cork...	45041090	Agglomerated Cork (With Or Without A Binding Subst...	0.06	0.06	0.12
Cork And Articles Of Cork...	45049000	Agglomerated Cork (With Or Without A Binding Subst...	0.06	0.06	0.12

GST Rates for HSN 45020000

For Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers) classified under HSN Code 45020000, tax computation follows GST principles. CGST at 0.06 plus SGST/UTGST at 0.06 covers intrastate sales. IGST at 0.12 applies to interstate transactions. 0 is the prescribed measurement for Cork And Articles Of Cork under Chapter 45.

Who Should Use HSN Code 45020000?

All businesses supplying Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers) are obligated to use HSN 45020000 on tax invoices. From producers to retailers within Cork And Articles Of Cork, Chapter 45 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Commencing trade in Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers)? Secure GST registration to handle taxes on HSN 45020000 classified goods. Businesses with international operations in Cork And Articles Of Cork 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 45020000 usage for Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers) simplifies reconciliation and protects against penalties. Keep current with 0.06, 0.06, and 0.12 updates for Chapter 45 – Cork And Articles Of Cork to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

Where can I find the official GST rate for HSN 45020000?

Official GST rates for Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers) under HSN 45020000 are published in government notifications and the CBIC website. Current rates are CGST 0.06, SGST/UTGST 0.06, and IGST 0.12.

Do online marketplaces need to mention HSN 45020000?

Yes, online marketplaces and e-commerce operators selling Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers) must mention HSN Code 45020000 on invoices. This Cork And Articles Of Cork classification applies to all sales channels under Chapter 45.

What documents are needed for company registration to trade in Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers)?

For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers) under HSN 45020000.

How often do GST rates change for Cork And Articles Of Cork products?

GST rates for Natural Cork, Debacked Or Roughly Squared, Or In Rectangular (Including Square) Blocks, Plates, Sheets Or Strip (Including Sharp-Edged Blanks For Corks Or Stoppers) and other Cork And Articles Of Cork products under Chapter 45 may change through GST Council recommendations. Monitor official notifications to stay updated on 0.06, 0.06, and 0.12 revisions.