What is HSN code 45049000?

HSN code 45049000 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 45049000?

The GST rate applicable to HSN 45049000 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 45049000 follows this same structure.

What is the structure of HSN code 45049000?

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 45049000 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.

File your Income Tax Return with Patron Accounting — CA-assisted

HSN Code & GST Rates for Agglomerated Cork (With Or Without :- 45049000

GST Registration Trademark Registration IEC Registration Private Limited Registration

HSN Code

45049000

Harmonized System of Nomenclature

Chapter: 45
Heading: 4504
Sub-heading: 450490
Type: Tariff item (8-digit)
Classification: HSN (GST)

Within Chapter 45 – Cork And Articles Of Cork, HSN Code 45049000 serves as the official classification for Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other. 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 - Other. CGST applies at 0.06, SGST/UTGST at 0.06 for local transactions, and IGST at 0.12 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 45049000

For Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other classified under HSN Code 45049000, 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. N.a is the prescribed measurement for Cork And Articles Of Cork under Chapter 45.

Who Should Use HSN Code 45049000?

All businesses supplying Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other are obligated to use HSN 45049000 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

Looking to deal in Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other? GST registration is your first compliance requirement for HSN 45049000 goods. International traders in Cork And Articles Of Cork products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.

Why Correct Classification Matters

Correct HSN Code 45049000 application for Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other ensures smooth input credit utilization and assessment processes. Track 0.06, 0.06, and 0.12 rate changes for Chapter 45 – Cork And Articles Of Cork through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 45049000 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 45049000 for accurate classification of Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other.

Can I claim input tax credit on Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other purchases?

Yes, registered businesses can claim input tax credit on Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other purchases made under HSN 45049000. Ensure your supplier mentions correct HSN code and GST rates (0.06, 0.06) on the invoice.

What is the difference between CGST and IGST for HSN 45049000?

CGST at 0.06 plus SGST/UTGST at 0.06 applies when Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other is sold within the same state. IGST at 0.12 is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other domestically?

No, Import Export Code is only required if you plan to import or export Agglomerated Cork (With Or Without A Binding Substance) And Articles Of Agglomerated Cork - Other internationally. For domestic trade within Cork And Articles Of Cork, GST registration is sufficient.