Cellulose is a natural polymer that is the primary constituent of the cell wall of plants. It has a wide range of applications in various industries, such as paper, textile, food, pharmaceutical, and construction. Cellulose is used in the form of fibers, films, and powders, among others. If you are a small or medium business owner or a startup founder dealing with cellulose or cellulose-based products, it is essential to understand the GST rates and HSN code for Cellulose. In this article, we will discuss the GST rates and HSN code for Cellulose in detail.
According to the GST Council, Cellulose falls under the category of "Plastics and articles thereof; rubber and articles thereof," and the applicable GST rate is 18%. This means that if you are dealing with Cellulose, you will have to pay GST at the rate of 18% on the value of the goods or services supplied.
HSN (Harmonized System of Nomenclature) code is a globally accepted system of names and numbers for classifying goods. The HSN code for Cellulose is 3912. It falls under the chapter "Other plastics and articles thereof," and the heading "Cellulose and its chemical derivatives, not elsewhere specified or included, in primary forms."
Understanding the HSN code is critical for businesses as it helps in identifying the type of goods or services being supplied and calculating the GST applicable on them. If you are dealing with Cellulose or Cellulose-based products, you must mention the HSN code 3912 in your invoices and other documents.
In conclusion, Cellulose is a vital material used in various industries, and it is essential to understand the GST rates and HSN code for Cellulose if you are a small or medium business owner or a startup founder dealing with it. The applicable GST rate for Cellulose is 18%, and the HSN code is 3912. By understanding these details, you can ensure compliance with the GST regulations and avoid any penalties or legal complications.
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