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Published on:
February 25, 2023
By
Prerna

CHEMICAL WOOD PULP - GST RATES & HSN CODE 4702

Introduction

As a business owner, it is important to stay up-to-date with the latest tax laws and regulations. In this article, we will be discussing the GST rates and HSN code for chemical wood pulp (HSN code 4702).

What is Chemical Wood Pulp?

Chemical wood pulp is a type of pulp that is produced by chemically breaking down wood fibers. It is commonly used in the production of paper, packaging, and textiles.

GST Rates for Chemical Wood Pulp

The GST rates for chemical wood pulp vary depending on the type and form of the pulp. As of July 2021, the GST rates for chemical wood pulp are as follows:

1. Unbleached chemical wood pulp - 12%

2. Bleached chemical wood pulp - 12%

3. Semi-chemical wood pulp - 12%

HSN Code for Chemical Wood Pulp

The HSN code for chemical wood pulp is 4702. This code is used to classify goods for taxation purposes.

Conclusion

In conclusion, it is important for business owners to understand the GST rates and HSN code for chemical wood pulp in order to comply with tax laws and regulations. By staying informed and up-to-date, business owners can avoid penalties and ensure the smooth operation of their business.

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Updated on:
March 16, 2024