What is HSN code 5040031?

HSN code 5040031 is a classification under the Harmonized System of Nomenclature used to identify goods for GST in India. The goods description and applicable GST rate are shown in the details on this page.

What is the GST rate for HSN code 5040031?

The GST rate applicable to HSN 5040031 is shown in the details above. GST rates are revised from time to time through CBIC notifications, so always confirm the current rate before raising an invoice.

How many digits does an HSN code have?

Under Indian GST, HSN codes are 2, 4, 6 or 8 digits. Businesses quote 4, 6 or 8 digits on invoices depending on turnover; code 5040031 follows this same structure.

What is the structure of HSN code 5040031?

An HSN code breaks down into a 2-digit Chapter, 4-digit Heading and 6-digit Sub-heading, extending to an 8-digit tariff item in India. Code 5040031 sits within this hierarchy.

Where is the HSN code used?

HSN codes are quoted on GST invoices and in GSTR-1 returns, and are used to classify goods for GST rate determination and customs.

HSN Code: 5040031 Guts, Bladders And Stomachs

HSN Code 5040031 provides the tax classification for Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ... under Chapter 5 – Products Of Animal Origin, No of the GST tariff. Businesses dealing in Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ... must use this code for proper invoicing and return filing. Applicable taxes include CGST at Nil/2.5%, SGST/UTGST at Nil/2.5%, and IGST at Nil/5%. The recognized unit of measurement is kg..

HSN Codes under Chapter 5 – Products Of Animal Origin, No

Below are related HSN codes from Chapter 5 – Products Of Animal Origin, No for your reference:

Chapter	HSN Code	Description	CGST	SGST/UTGST	IGST
Products Of Animal Origin, No...	5010010	Human Hair, Unworked, Whether Or - Not Washed Or S...	Nil	Nil	Nil
Products Of Animal Origin, No...	5010020	Human Hair, Unworked, Whether Or - Not Washed Or S...	Nil	Nil	Nil
Products Of Animal Origin, No...	5021010	Pigs, Hogsor Boarsbristles And Hair;Badger Hair An...	2.50%	2.50%	5.00%
Products Of Animal Origin, No...	5021020	Pigs, Hogs Or Boars Bristles And Hair;Badger Hair ...	0.025	0.025	0.05
Products Of Animal Origin, No...	5029010	Pigs, Hogs Or Boars Bristles And Hair; - Badger Ha...	2.50%	2.50%	5.00%
Products Of Animal Origin, No...	5029020	Pigs, Hogs Or Boars Bristles And Hair; - Badger Ha...	2.50%	2.50%	5.00%
Products Of Animal Origin, No...	5029090	Pigs, Hogs Or Boars Bristles And Hair; - Badger Ha...	0.025	0.025	0.05
Products Of Animal Origin, No...	5040010	Guts, Bladders And Stomachs Of Animals - (Other Th...	Nil/2.5%	Nil/2.5%	Nil/5%
Products Of Animal Origin, No...	5040020	Guts, Bladders And Stomachs Of Animals - (Other Th...	Nil/2.5%	Nil/2.5%	Nil/5%
Products Of Animal Origin, No...	5040039	Guts, Bladders And Stomachs Of Animals - (Other Th...	Nil/2.5%	Nil/2.5%	Nil/5%

GST Rates for HSN 5040031

Tax liability for Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ... under HSN 5040031 varies by transaction geography. CGST at Nil/2.5% combined with SGST/UTGST at Nil/2.5% applies to local sales. Interstate movement attracts IGST at Nil/5%. All billing for Chapter 5 – Products Of Animal Origin, No products must use kg..

Who Should Use HSN Code 5040031?

Manufacturers, wholesalers, retailers, and exporters dealing in Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ... are required to mention HSN 5040031 on all tax documents. This classification under Products Of Animal Origin, No applies to businesses of all sizes operating within Chapter 5. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Commencing trade in Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ...? Secure GST registration to handle taxes on HSN 5040031 classified goods. Businesses with international operations in Products Of Animal Origin, No 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

Proper use of HSN Code 5040031 for Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ... streamlines audit processes and supports valid credit claims. Stay updated on Nil/2.5%, Nil/2.5%, and Nil/5% rates for Chapter 5 – Products Of Animal Origin, No through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 5040031 should I mention on invoices?

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 5040031 for accurate classification of Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ....

Can I claim input tax credit on Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ... purchases?

Yes, registered businesses can claim input tax credit on Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ... purchases made under HSN 5040031. Ensure your supplier mentions correct HSN code and GST rates (Nil/2.5%, Nil/2.5%) on the invoice.

What is the difference between CGST and IGST for HSN 5040031?

CGST at Nil/2.5% plus SGST/UTGST at Nil/2.5% applies when Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ... is sold within the same state. IGST at Nil/5% is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ... domestically?

No, Import Export Code is only required if you plan to import or export Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, Frozen, Salted, - In Brine, Dried Or Smoked - Guts, Bladders And Stomachs Of Animals - (Other Than Fish), Whole And Pieces - Thereof, Fresh, Chilled, ... internationally. For domestic trade within Products Of Animal Origin, No, GST registration is sufficient.

HSN Code & GST Rates for Guts, Bladders And Stomachs :- 5040031