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February 25, 2023
By
Paramita

Gum, Wood or Sulphate Turpentine: Understanding the GST Rates and HSN Code 3805

Gum, wood, or sulphate turpentine, also known as gum spirits of turpentine, is a natural resin obtained from the sap of pine trees. It has a wide range of applications in various industries such as paints, varnishes, adhesives, pharmaceuticals, and many more.

With the implementation of GST (Goods and Services Tax), it is important for small and medium-sized businesses and startup founders to understand the GST rates and HSN code for gum, wood, or sulphate turpentine. This article aims to provide a comprehensive guide on the same.

GST Rates for Gum, Wood, or Sulphate Turpentine

As per the GST Council, the GST rates for gum, wood, or sulphate turpentine are as follows:

HSN Code>Description>GST Rate

3805> Gum, Wood or Sulphate Turpentine >18%

It is important to note that the GST rate for gum, wood, or sulphate turpentine is fixed at 18%, regardless of the form in which it is sold or used.

HSN Code for Gum, Wood, or Sulphate Turpentine

The HSN (Harmonized System of Nomenclature) code for gum, wood, or sulphate turpentine is 3805.

The first two digits of the HSN code, i.e., 38, represents the chapter number for "Miscellaneous Chemical Products". The next two digits, i.e., 05, represent the sub-heading for "Gum, Wood or Sulphate Turpentine".

The last two digits of the HSN code represent the product's unique code within the sub-heading. For gum, wood, or sulphate turpentine, the last two digits are 00.

Conclusion

In conclusion, the GST rates and HSN code for gum, wood, or sulphate turpentine are as follows:

  • GST rate: 18%
  • HSN code: 3805

Small and medium-sized businesses and startup owners dealing with gum, wood, or sulphate turpentine should ensure that they comply with the GST laws and regulations to avoid any legal implications.

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