As a small or medium business owner in India, understanding the Goods and Services Tax (GST) rates and Harmonized System of Nomenclature (HSN) codes for your products is essential to ensure compliance with the tax laws in the country. This article will provide an in-depth look at the GST rates and HSN code for Other Forms Unvulcanised Rubber in India.
Other Forms Unvulcanised Rubber is a type of rubber that has not been chemically treated with sulphur or other curatives to create a solid and durable material. This type of rubber is commonly used in the manufacturing of various products, such as rubber sheets, belts, and tubes.
The GST rate for Other Forms Unvulcanised Rubber in India is 18%. This rate is applicable to all forms of unvulcanised rubber, including sheets, strips, and other flat shapes. However, if the rubber is in the form of blocks or lumps, the GST rate is reduced to 5%.
The HSN code for Other Forms Unvulcanised Rubber is 4006. This code is used to identify the product for tax purposes and is required to be included in all invoices and documents related to the sale or purchase of the product.
Understanding the GST rates and HSN codes for your products is essential for small and medium business owners in India. For Other Forms Unvulcanised Rubber, the GST rate is 18% for sheets, strips, and other flat shapes, while blocks and lumps are taxed at 5%. The HSN code for this product is 4006 and should be included in all invoices and documents related to its sale or purchase.
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