What products are classified under HSN 40030000 ?
It includes Reclaimed rubber, primary forms
HSN Code 40030000 represents Reclaimed rubber, primary forms under GST classification. This code helps businesses identify Reclaimed rubber, primary forms correctly for billing, taxation, and trade. With HSN Code 40030000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Reclaimed rubber, primary forms.
HSN Code 40030000 relates to the following description:
Reclaimed rubber, primary forms does not include products with the following descriptions:
| HSN Code | Description |
|---|
It includes Reclaimed rubber, primary forms
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Reclaimed rubber, primary forms; Nil for exempt items if applicable).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.
For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.