Within Chapter 45 – Cork And Articles Of Cork, HSN Code 45041020 serves as the official classification for Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs. This code determines tax rates and compliance obligations for all entities trading in Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs. CGST applies at 6.00%, SGST/UTGST at 6.00% for local transactions, and IGST at 12.00% for interstate supplies. Measurement is standardized in N.a.
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 45041020
The taxation of Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs under HSN Code 45041020 depends on supply location. Intrastate transactions require CGST at 6.00% and SGST/UTGST at 6.00%. Interstate supplies are charged IGST at 12.00%. Invoices should consistently use N.a for Cork And Articles Of Cork goods under Chapter 45.
Who Should Use HSN Code 45041020?
Traders, manufacturers, and importers of Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs are required to mention HSN Code 45041020 on all GST documents. This Cork And Articles Of Cork classification under Chapter 45 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Planning to trade in Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs? Complete GST registration to legally collect taxes on goods under HSN 45041020. Businesses importing or exporting Cork And Articles Of Cork 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
Proper use of HSN Code 45041020 for Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs streamlines audit processes and supports valid credit claims. Stay updated on 6.00%, 6.00%, and 12.00% rates for Chapter 45 – Cork And Articles Of Cork through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 45041020 used for?
HSN Code 45041020 is used to classify Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs under Chapter 45 – Cork And Articles Of Cork 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 45041020?
For Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs, CGST applies at 6.00% and SGST/UTGST at 6.00% for intrastate supplies. Interstate transactions are taxed under IGST at 12.00%.
Do I need GST registration to trade in Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs?
Yes, GST registration is mandatory for businesses dealing in Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs under HSN 45041020. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Blocks, Plates, Sheets And Strip; Tiles Of Any Shape; Solid Cylinders, Including Discs : Slabs?
For importing goods under Cork And Articles Of Cork, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.