What products are classified under HSN 43040020 ?
It includes Artificial fur: Other articles
HSN Code 43040020 represents Artificial fur: Other articles under GST classification. This code helps businesses identify Artificial fur: Other articles correctly for billing, taxation, and trade. With HSN Code 43040020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Artificial fur: Other articles.
HSN Code 43040020 relates to the following description:
Artificial fur: Other articles does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Artificial fur and articles thereof : Artificial fur : Artificial fur as trimmings and embellishments for garments, made ups, knitwear, plastic and leather goods | |
| Artificial fur and articles thereof : Artificial fur : Other |
Artificial fur and articles thereof : Artificial fur : Artificial fur as trimmings and embellishments for garments, made ups, knitwear, plastic and leather goods
Artificial fur and articles thereof : Artificial fur : Other
It includes Artificial fur: Other articles
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Under HSN 43040020, Artificial fur: Other articles attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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.