Within Chapter 46 – Manufactures Of Straw, Of Esp, HSN Code 46021011 serves as the official classification for Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets. This code determines tax rates and compliance obligations for all entities trading in Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets. CGST applies at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Measurement is standardized in N.a.

HSN Codes under Chapter 46 – Manufactures Of Straw, Of Esp

Below are related HSN codes from Chapter 46 – Manufactures Of Straw, Of Esp for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Manufactures Of Straw, Of Esp... 46012010 Plaits And Similar Products Of Plaiting Materials,... 2.50% 2.50% 5.00%
Manufactures Of Straw, Of Esp... 46012020 Plaits And Similar Products Of Plaiting Materials,... 2.50% 2.50% 5.00%
Manufactures Of Straw, Of Esp... 46012090 Plaits And Similar Products Of Plaiting Materials,... 0.025 0.025 0.05
Manufactures Of Straw, Of Esp... 46012100 Plaits And Similar Products Of Plaiting Materials,... 0.025 0.025 0.05
Manufactures Of Straw, Of Esp... 46012200 Plaits And Similar Products Of Plaiting Materials,... 0.025 0.025 0.05
Manufactures Of Straw, Of Esp... 46012900 Plaits And Similar Products Of Plaiting Materials,... 2.50% 2.50% 5.00%
Manufactures Of Straw, Of Esp... 46019100 Plaits And Similar Products Of Plaiting Materials,... 0.025 0.025 0.05
Manufactures Of Straw, Of Esp... 46019200 Plaits And Similar Products Of Plaiting Materials,... 0.025 0.025 0.05
Manufactures Of Straw, Of Esp... 46019300 Plaits And Similar Products Of Plaiting Materials,... 0.025 0.025 0.05
Manufactures Of Straw, Of Esp... 46019400 Plaits And Similar Products Of Plaiting Materials,... 0.025 0.025 0.05

GST Rates for HSN 46021011

The taxation of Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets under HSN Code 46021011 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use N.a for Manufactures Of Straw, Of Esp goods under Chapter 46.

Who Should Use HSN Code 46021011?

Any business engaged in supplying Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets must apply HSN 46021011 on invoices. The Manufactures Of Straw, Of Esp category under Chapter 46 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Commencing trade in Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets? Secure GST registration to handle taxes on HSN 46021011 classified goods. Businesses with international operations in Manufactures Of Straw, Of Esp 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

Using HSN Code 46021011 accurately for Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets avoids compliance issues and facilitates credit claims. Monitor changes to 2.50%, 2.50%, and 5.00% rates for Chapter 46 – Manufactures Of Straw, Of Esp to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is HSN Code 46021011 used for?

HSN Code 46021011 is used to classify Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets under Chapter 46 – Manufactures Of Straw, Of Esp 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 46021011?

For Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets, CGST applies at 2.50% and SGST/UTGST at 2.50% for intrastate supplies. Interstate transactions are taxed under IGST at 5.00%.

Do I need GST registration to trade in Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets?

Yes, GST registration is mandatory for businesses dealing in Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets under HSN 46021011. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Basketwork, Wickerwork And Other Articles, Made Directly To Shape From Plaiting Materials Or Made Up From Goods Of Heading 46 01; Articles Of Loofah Of Vegetable Materials : Of Palm Leaves : Baskets?

For importing goods under Manufactures Of Straw, Of Esp, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 46

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