Vulcanised Rubber Thread and Cord - GST Rates and HSN Code 4007

As an Indian small or medium business owner or startup founder, it's important to understand the GST rates and HSN code for your products. One such product is Vulcanised Rubber Thread and Cord.

Vulcanised rubber thread and cord are made from rubber that has undergone a process called vulcanization. This process involves treating the rubber with sulfur and heat to make it more durable and elastic. Vulcanised rubber thread and cord are commonly used in the manufacture of various products, including footwear, bags, and belts.

GST Rates for Vulcanised Rubber Thread and Cord

The GST rates for Vulcanised Rubber Thread and Cord are as follows:

1. 5% for natural rubber thread and cord

2. 12% for synthetic rubber thread and cord

It's important to note that these rates are subject to change, and you should always check the latest GST rates before making any business decisions.

HSN Code for Vulcanised Rubber Thread and Cord

The HSN code for Vulcanised Rubber Thread and Cord is 4007. This code is used to classify the product for taxation purposes.

When you are registering your business for GST, you will need to provide the HSN code for each product you sell. This code is used by the government to determine the applicable GST rate for your products.

Conclusion

Understanding the GST rates and HSN code for Vulcanised Rubber Thread and Cord is important for Indian small and medium business owners and startup founders. These rates and codes are subject to change, so it's important to stay up-to-date with the latest information to make informed business decisions.