Under the GST regime, HSN Code 48 or 49 classifies Rupee notes or coins when sold to Reserve Bank of India or the government of India within Chapter 49 – Printed Books, Newspapers, Pi. This code is essential for businesses to correctly calculate and remit taxes on Rupee notes or coins when sold to Reserve Bank of India or the government of India. The applicable rates are CGST at 0, SGST/UTGST at 0 for within-state sales, and IGST at 0 for interstate supplies. Goods are quantified using kg..

HSN Codes under Chapter 49 – Printed Books, Newspapers, Pi

Below are related HSN codes from Chapter 49 – Printed Books, Newspapers, Pi for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Printed Books, Newspapers, Pi... 49011010 Printed Books, Brochures, Leaflets And Similar Pri... 2.50% 2.50% 5.00%
Printed Books, Newspapers, Pi... 49011020 Printed Books, Brochures, Leaflets And Similar Pri... 0.025 0.025 0.05
Printed Books, Newspapers, Pi... 49019100 Printed Books, Brochures, Leaflets And Similar Pri... 0.025 0.025 0.05
Printed Books, Newspapers, Pi... 49019900 Printed Books, Brochures, Leaflets And Similar Pri... 0.025 0.025 0.05
Printed Books, Newspapers, Pi... 49021010 Newspapers, Journals And Periodicals, Whether Or N... Nil Nil Nil
Printed Books, Newspapers, Pi... 49021020 Newspapers, Journals And Periodicals, Whether Or N... Nil Nil Nil
Printed Books, Newspapers, Pi... 49029010 Newspapers, Journals And Periodicals, Whether Or N... Nil Nil Nil
Printed Books, Newspapers, Pi... 49029020 Newspapers, Journals And Periodicals, Whether Or N... Nil Nil Nil
Printed Books, Newspapers, Pi... 49030010 Children'S Picture, Drawing Or Colouring Books Chi... Nil Nil Nil
Printed Books, Newspapers, Pi... 49030020 Children'S Picture, Drawing Or Colouring Books Chi... Nil Nil Nil

GST Rates for HSN 48 or 49

The tax structure for Rupee notes or coins when sold to Reserve Bank of India or the government of India under HSN Code 48 or 49 follows a dual taxation model. CGST is levied at 0 and SGST/UTGST at 0 for intrastate sales. Interstate transactions attract IGST at 0. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 49 – Printed Books, Newspapers, Pi.

Who Should Use HSN Code 48 or 49?

Manufacturers, wholesalers, retailers, and exporters dealing in Rupee notes or coins when sold to Reserve Bank of India or the government of India are required to mention HSN 48 or 49 on all tax documents. This classification under Printed Books, Newspapers, Pi applies to businesses of all sizes operating within Chapter 49. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Planning to trade in Rupee notes or coins when sold to Reserve Bank of India or the government of India? Complete GST registration to legally collect taxes on goods under HSN 48 or 49. Businesses importing or exporting Printed Books, Newspapers, Pi products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.

Why Correct Classification Matters

Accurate application of HSN Code 48 or 49 for Rupee notes or coins when sold to Reserve Bank of India or the government of India enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 49 – Printed Books, Newspapers, Pi should monitor rate updates (0, 0, 0) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 48 or 49 belong to?

HSN Code 48 or 49 falls under Chapter 49 – Printed Books, Newspapers, Pi in the GST tariff schedule. This chapter covers various goods including Rupee notes or coins when sold to Reserve Bank of India or the government of India.

Is IGST applicable on Rupee notes or coins when sold to Reserve Bank of India or the government of India?

Yes, IGST at 0 is applicable when Rupee notes or coins when sold to Reserve Bank of India or the government of India is supplied interstate or imported. For local sales within a state, CGST at 0 and SGST/UTGST at 0 apply instead.

Can e-commerce sellers use HSN Code 48 or 49?

Yes, e-commerce sellers dealing in Rupee notes or coins when sold to Reserve Bank of India or the government of India must use HSN 48 or 49 on their invoices. This applies to all online platforms operating under Printed Books, Newspapers, Pi classification.

How do I start an import business for Printed Books, Newspapers, Pi goods?

To import goods under Printed Books, Newspapers, Pi, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.

More HSN codes from Chapter 49

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