46021200 is the designated HSN 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 Rattan, categorized under Chapter 46 – Manufactures Of Straw, Of Esp in the GST tariff structure. Businesses involved in trading, manufacturing, or 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 Rattan must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.025, SGST/UTGST at 0.025 for local transactions, and IGST at 0.05 for interstate supplies. Quantities are measured in kg. for billing purposes.

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 46021200

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 Rattan classified under HSN Code 46021200, tax computation follows GST principles. CGST at 0.025 plus SGST/UTGST at 0.025 covers intrastate sales. IGST at 0.05 applies to interstate transactions. kg. is the prescribed measurement for Manufactures Of Straw, Of Esp under Chapter 46.

Who Should Use HSN Code 46021200?

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 Rattan must apply HSN 46021200 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

Entering the 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 Rattan market requires essential registrations. GST registration enables legal tax collection on HSN 46021200 goods. For cross-border trade in Manufactures Of Straw, Of Esp items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Proper use of HSN Code 46021200 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 Rattan streamlines audit processes and supports valid credit claims. Stay updated on 0.025, 0.025, and 0.05 rates for Chapter 46 – Manufactures Of Straw, Of Esp through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 46021200?

The standard unit of measurement 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 Rattan under HSN Code 46021200 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 46021200 mandatory for small businesses?

Yes, 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 Rattan must use HSN 46021200 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.

What happens if I use wrong HSN code 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 Rattan?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 46021200 for Manufactures Of Straw, Of Esp goods before invoicing.

Do I need AD Code registration for exporting 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 Rattan?

Yes, AD Code registration is required for exporters 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 Rattan under Manufactures Of Straw, Of Esp. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 46

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