---
title: "HSN Code for Bank Notes | HSN 49070020 GST Rate"
description: "Find HSN and GST Rates for 49070020 related to Bank Notes with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-49070020/"
---

# HSN Code 49070020: Bank Notes

- [Section 10: Guide to HSN Section 10](https://busy.in/hsn/section-10/)
- [Chapter 49: Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans](https://busy.in/hsn/chapter-49/)
- [Sub-chapter 4907: Unused stamps, bank notes, cheques](https://busy.in/hsn/sub-chapter-4907/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognized face value; stamp-impressed paper; bank notes; cheque forms; stock, share or bond certificates and similar documents of title : Bank notes | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 49070020 ?

It includes Unused Postage Stamps

### Do e‑way bill and e‑invoice apply for Bank Notes?

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.

### How should mixed supplies be billed when Bank Notes is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Bank Notes; Nil for exempt items if applicable).

### Does packaging or labelling change the GST for Bank Notes?

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.

### Can we claim ITC on inputs used to trade Bank Notes?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### Any common misclassification issue with Bank Notes?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.