Under the GST regime, HSN Code 47079000 classifies Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap within Chapter 47 – Pulp Of Wood Or Of Other Fibr. This code is essential for businesses to correctly calculate and remit taxes on Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap. The applicable rates are CGST at 0.025, SGST/UTGST at 0.025 for within-state sales, and IGST at 0.05 for interstate supplies. Goods are quantified using 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 47079000
For Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap classified under HSN Code 47079000, 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 Pulp Of Wood Or Of Other Fibr under Chapter 47.
Who Should Use HSN Code 47079000?
All businesses supplying Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap are obligated to use HSN 47079000 on tax invoices. From producers to retailers within Pulp Of Wood Or Of Other Fibr, Chapter 47 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Entering the Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap market requires essential registrations. GST registration enables legal tax collection on HSN 47079000 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
Accurate application of HSN Code 47079000 for Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 47 – Pulp Of Wood Or Of Other Fibr should monitor rate updates (0.025, 0.025, 0.05) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 47079000?
The standard unit of measurement for Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap under HSN Code 47079000 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 47079000 mandatory for small businesses?
Yes, businesses dealing in Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap must use HSN 47079000 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 Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 47079000 for Pulp Of Wood Or Of Other Fibr goods before invoicing.
Do I need AD Code registration for exporting Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap?
Yes, AD Code registration is required for exporters dealing in Recovered (Waste And Scrap) Paper Or Paperboard - Other, Including Unsorted Waste And Scrap under Pulp Of Wood Or Of Other Fibr. This registration links your bank account to process foreign currency payments from overseas buyers.
