Chapter 47 of the GST framework covers Pulp Of Wood Or Of Other Fibr, and HSN Code 47073000 specifically identifies Recovered (Waste And Scrap) Paper Or Paperboard - Paper Or Paperboard Made Mainly Of Mechanical Pulp (For Example, Newspapers, Journals And Similar Printed Matter) for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Recovered (Waste And Scrap) Paper Or Paperboard - Paper Or Paperboard Made Mainly Of Mechanical Pulp (For Example, Newspapers, Journals And Similar Printed Matter). Tax rates applicable include CGST at 0.025, SGST/UTGST at 0.025, and IGST at 0.05 for interstate movements. The standard unit of measurement is kg..
HSN Codes under Chapter 47 – Pulp Of Wood Or Of Other Fibr
Below are related HSN codes from Chapter 47 – Pulp Of Wood Or Of Other Fibr for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Pulp Of Wood Or Of Other Fibr... | 47010000 | Mechanical Wood Pulp | 0.06 | 0.06 | 0.12 |
| Pulp Of Wood Or Of Other Fibr... | 47020000 | Chemical Wood Pulp, Dissolving Grades | 0.06 | 0.06 | 0.12 |
| Pulp Of Wood Or Of Other Fibr... | 47031100 | Chemical Wood Pulp, Soda Or Sulphate, Otherthan Di... | 0.06 | 0.06 | 0.12 |
| Pulp Of Wood Or Of Other Fibr... | 47031900 | Chemical Wood Pulp, Soda Or Sulphate, Otherthan Di... | 0.06 | 0.06 | 0.12 |
| Pulp Of Wood Or Of Other Fibr... | 47032100 | Chemical Wood Pulp, Soda Or Sulphate, Otherthan Di... | 0.06 | 0.06 | 0.12 |
| Pulp Of Wood Or Of Other Fibr... | 47032900 | Chemical Wood Pulp, Soda Or Sulphate, Otherthan Di... | 0.06 | 0.06 | 0.12 |
| Pulp Of Wood Or Of Other Fibr... | 47041100 | Chemical Wood Pulp, Sulphite, Other Than Dissolvin... | 0.06 | 0.06 | 0.12 |
| Pulp Of Wood Or Of Other Fibr... | 47041900 | Chemical Wood Pulp, Sulphite, Other Than Dissolvin... | 0.06 | 0.06 | 0.12 |
| Pulp Of Wood Or Of Other Fibr... | 47042100 | Chemical Wood Pulp, Sulphite, Other Than Dissolvin... | 0.06 | 0.06 | 0.12 |
| Pulp Of Wood Or Of Other Fibr... | 47042900 | Chemical Wood Pulp, Sulphite, Other Than Dissolvin... | 0.06 | 0.06 | 0.12 |
GST Rates for HSN 47073000
Goods classified as Recovered (Waste And Scrap) Paper Or Paperboard - Paper Or Paperboard Made Mainly Of Mechanical Pulp (For Example, Newspapers, Journals And Similar Printed Matter) under HSN 47073000 are taxed based on transaction type. Local sales attract CGST at 0.025 plus SGST/UTGST at 0.025. For supplies crossing state boundaries, IGST at 0.05 applies. Documentation must reflect kg. as the measurement standard for Chapter 47 – Pulp Of Wood Or Of Other Fibr products.
Who Should Use HSN Code 47073000?
Any business engaged in supplying Recovered (Waste And Scrap) Paper Or Paperboard - Paper Or Paperboard Made Mainly Of Mechanical Pulp (For Example, Newspapers, Journals And Similar Printed Matter) must apply HSN 47073000 on invoices. The Pulp Of Wood Or Of Other Fibr category under Chapter 47 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Entering the Recovered (Waste And Scrap) Paper Or Paperboard - Paper Or Paperboard Made Mainly Of Mechanical Pulp (For Example, Newspapers, Journals And Similar Printed Matter) market requires essential registrations. GST registration enables legal tax collection on HSN 47073000 goods. For cross-border trade in Pulp Of Wood Or Of Other Fibr 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 47073000 for Recovered (Waste And Scrap) Paper Or Paperboard - Paper Or Paperboard Made Mainly Of Mechanical Pulp (For Example, Newspapers, Journals And Similar Printed Matter) streamlines audit processes and supports valid credit claims. Stay updated on 0.025, 0.025, and 0.05 rates for Chapter 47 – Pulp Of Wood Or Of Other Fibr through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
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 47073000 for accurate classification of Recovered (Waste And Scrap) Paper Or Paperboard - Paper Or Paperboard Made Mainly Of Mechanical Pulp (For Example, Newspapers, Journals And Similar Printed Matter).
Yes, registered businesses can claim input tax credit on Recovered (Waste And Scrap) Paper Or Paperboard - Paper Or Paperboard Made Mainly Of Mechanical Pulp (For Example, Newspapers, Journals And Similar Printed Matter) purchases made under HSN 47073000. Ensure your supplier mentions correct HSN code and GST rates (0.025, 0.025) on the invoice.
CGST at 0.025 plus SGST/UTGST at 0.025 applies when Recovered (Waste And Scrap) Paper Or Paperboard - Paper Or Paperboard Made Mainly Of Mechanical Pulp (For Example, Newspapers, Journals And Similar Printed Matter) is sold within the same state. IGST at 0.05 is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export Recovered (Waste And Scrap) Paper Or Paperboard - Paper Or Paperboard Made Mainly Of Mechanical Pulp (For Example, Newspapers, Journals And Similar Printed Matter) internationally. For domestic trade within Pulp Of Wood Or Of Other Fibr, GST registration is sufficient.