GST Rate HSN Code for Wood and Articles of Wood; Wood Charcoal - Chapter 44

If you are a small or medium business owner or startup founder dealing with wood products, it is essential to understand the GST rates and HSN codes that apply. In this article, we will discuss the GST Rate

HSN Code for Wood and Articles of Wood

Wood Charcoal

Chapter 44.Chapter 44 of the GST tariff deals with wood and articles made of wood, including wood charcoal. The GST rate for goods falling under this chapter is 12%. However, some items may attract a higher or lower rate, depending on their specific characteristics. Let's take a closer look at some examples of items that fall under this category and the applicable HSN codes:

1. Wood Logs and Timber - HSN Code 4403Wood logs and timber are classified under HSN code 4403. The 12% GST rate applies to all types of wood logs and timber, whether they are sawn or non-sawn, treated or untreated, or in the rough or planed form.

2. Plywood and Veneer Sheets - HSN Code 4412Plywood and veneer sheets are classified under HSN code 4412. The GST rate for these items is 28%, which is higher than the standard rate of 12%. However, this rate applies only to plywood and veneer sheets that are not covered under any other heading or chapter.

3. Wooden Furniture - HSN Code 9403Wooden furniture falls under HSN code 9403. The GST rate for furniture made of wood is 12%, whether it is in the raw or finished form. However, if the furniture has a metal or other material component, the rate may vary.

4. Wood Charcoal - HSN Code 4402Wood charcoal is classified under HSN code 4402. The GST rate for wood charcoal is 5%, which is lower than the standard rate of 12%. However, this rate applies only to wood charcoal that is not briquetted, ovoids or similar solid fuels manufactured from wood.

Conclusion

In conclusion, understanding the GST rates and HSN codes for wood and articles made of wood, including wood charcoal, is crucial for small and medium business owners and startup founders in India. By knowing the applicable rates and codes, you can ensure compliance with the GST rules and regulations and avoid any penalties or fines.