GST Rate HSN Code for Rubber and Articles Thereof - Chapter 40

As a small or medium business owner, you need to stay up-to-date with the latest GST rates and HSN codes to keep your accounting in order. In this article, we'll take a look at the GST rate and HSN code for rubber and articles thereof, which are covered under Chapter 40 of the GST Tariff.

Let's start by understanding what rubber and articles thereof are. Rubber is a natural or synthetic material that is used for a wide range of applications, including manufacturing of tyres, footwear, hoses, belts, and more. Articles thereof are products made from rubber, such as mats, sheets, and tubes.

GST Rate of Rubber and Articles Thereof - Chapter 40

The GST rate for rubber and articles thereof is 18%. This means that you'll need to charge your customers an 18% GST if you're selling any products made from rubber. However, there are a few exceptions to this rule.

If you're selling raw rubber, which is unprocessed and in its natural state, then the GST rate is 5%. This applies to both natural and synthetic rubber. Additionally, if you're selling rubber waste, scrap, or powder, then the GST rate is 5% as well.

HSN Code of Rubber and Articles Thereof - Chapter 40

Now, let's take a look at the HSN codes for rubber and articles thereof. HSN stands for Harmonized System of Nomenclature, which is an internationally recognized system for classifying goods. The HSN code for raw rubber is 4001, while the HSN code for processed rubber is 4002.

If you're selling products made from rubber, such as footwear, belts, or hoses, then the HSN code will depend on the specific product. For example, the HSN code for rubber footwear is 6404, while the HSN code for rubber hoses is 4009. It's important to accurately classify your products under the correct HSN code to avoid any issues with the GST authorities.

Conclusion

To summarize, the GST rate for rubber and articles thereof is 18%, except for raw rubber and rubber waste, which are taxed at 5%. The HSN code for raw rubber is 4001, while the HSN code for processed rubber is 4002. If you're selling products made from rubber, you'll need to classify them under the correct HSN code to ensure compliance with GST regulations.