What is HSN code 5080040?

HSN code 5080040 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 5080040?

The GST rate applicable to HSN 5080040 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 5080040 follows this same structure.

What is the structure of HSN code 5080040?

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 5080040 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: 5080040 Coral And Similar Materials,

Chapter 5 of the GST framework covers Products Of Animal Origin, No, and HSN Code 5080040 specifically identifies Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma... for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma.... Tax rates applicable include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00% for interstate movements. The standard 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...	5040031	Guts, Bladders And Stomachs Of Animals - (Other Th...	Nil/2.5%	Nil/2.5%	Nil/5%

GST Rates for HSN 5080040

The tax structure for Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma... under HSN Code 5080040 follows a dual taxation model. CGST is levied at 2.50% and SGST/UTGST at 2.50% for intrastate sales. Interstate transactions attract IGST at 5.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 5 – Products Of Animal Origin, No.

Who Should Use HSN Code 5080040?

All businesses supplying Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma... are obligated to use HSN 5080040 on tax invoices. From producers to retailers within Products Of Animal Origin, No, Chapter 5 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Looking to deal in Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma...? GST registration is your first compliance requirement for HSN 5080040 goods. International traders in Products Of Animal Origin, No products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.

Why Correct Classification Matters

Proper use of HSN Code 5080040 for Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma... streamlines audit processes and supports valid credit claims. Stay updated on 2.50%, 2.50%, and 5.00% rates for Chapter 5 – Products Of Animal Origin, No through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 5080040?

The standard unit of measurement for Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma... under HSN Code 5080040 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 5080040 mandatory for small businesses?

Yes, businesses dealing in Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma... must use HSN 5080040 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 Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma...?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 5080040 for Products Of Animal Origin, No goods before invoicing.

Do I need AD Code registration for exporting Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma...?

Yes, AD Code registration is required for exporters dealing in Coral And Similar Materials, Unworked - Or Simply Prepared But Not Otherwise - Worked; Shells Of Molluscs, Crustaceans - Or Echinoderms And Cuttle-Bone, - Unworked Or Simply Prepared But Not - Cut To Shape, Powder And Waste Thereof - Coral And Similar Ma... under Products Of Animal Origin, No. This registration links your bank account to process foreign currency payments from overseas buyers.

HSN Code & GST Rates for Coral And Similar Materials, :- 5080040