What products are classified under HSN 40070020 ?
It includes Vulcanised rubber thread and cord: Cord
HSN Code 40070020 represents Vulcanised rubber thread and cord: Cord under GST classification. This code helps businesses identify Vulcanised rubber thread and cord: Cord correctly for billing, taxation, and trade. With HSN Code 40070020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vulcanised rubber thread and cord: Cord.
HSN Code 40070020 relates to the following description:
Vulcanised rubber thread and cord: Cord does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Vulcanised rubber thread and cord: Thread, not covered (Other than Latex Rubber Thread) | |
| Latex Rubber Thread | |
| Vulcanised rubber thread and cord: Other |
Vulcanised rubber thread and cord: Thread, not covered (Other than Latex Rubber Thread)
Latex Rubber Thread
Vulcanised rubber thread and cord: Other
It includes Vulcanised rubber thread and cord: Cord
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 Vulcanised rubber thread and cord: Cord; Nil for exempt items if applicable).
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.
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.
Under HSN 40070020, Vulcanised rubber thread and cord: Cord attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.