GST Rate HSN Code for Pulp of Wood or of Other Fibrous Cellulosic Material; Recovered - Chapter 47

Pulp of wood or of other fibrous cellulosic material is an important commodity for several industries, such as the paper, packaging, and textile industries. The Indian government has introduced the Goods and Services Tax (GST) to streamline the tax structure and make it more efficient. In this article, we will discuss the GST rate and HSN code for pulp of wood or of other fibrous cellulosic material; recovered - Chapter 47.

GST Rate for Pulp of Wood or of Other Fibrous Cellulosic Material

Recovered - Chapter 47The GST rate for pulp of wood or of other fibrous cellulosic material; recovered - Chapter 47 is 12%. This rate is applicable to all types of pulp, whether bleached or unbleached, chemically or mechanically produced, and irrespective of the source of the raw material.

HSN Code for Pulp of Wood or of Other Fibrous Cellulosic Material

Recovered - Chapter 47The HSN code for pulp of wood or of other fibrous cellulosic material; recovered - Chapter 47 is 4706. This code is used to identify the product in the GST system and for invoicing purposes. The HSN code is a 6-digit code that is used to classify goods and services.Invoicing under GST for Pulp of Wood or of Other Fibrous Cellulosic Material; Recovered - Chapter 47Under the GST regime, all invoices must contain specific details such as the GSTIN of the supplier and the recipient, the date of the invoice, a description of the goods or services, the quantity, and the value. In the case of pulp of wood or of other fibrous cellulosic material; recovered - Chapter 47, the HSN code 4706 must be mentioned on the invoice.

Conclusion

In conclusion, the GST rate for pulp of wood or of other fibrous cellulosic material; recovered - Chapter 47 is 12%, and the HSN code is 4706. Business owners and startups in the paper, packaging, and textile industries must ensure that they follow the invoicing guidelines under the GST regime to avoid any penalties or legal issues. Understanding the GST rate and HSN code for pulp of wood or of other fibrous cellulosic material; recovered - Chapter 47 is essential for the smooth functioning of businesses in India.