What products are classified under HSN 4007
It includes Vulcanised rubber thread
HSN Sub Chapter 4007 represents Vulcanised rubber thread under GST classification. This code helps businesses identify Vulcanised rubber thread correctly for billing, taxation, and trade. With HSN Sub Chapter 4007, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vulcanised rubber thread.
GST Rate for Vulcanised rubber thread under HSN Code 4007. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 40 | 4007 | Vulcanised rubber thread and cord | 5% | 18% |
Following Tariff HSN code falls under Vulcanised rubber thread:
| Tariff HSN | Description |
|---|---|
| Vulcanised rubber thread and cord: Thread, not covered (Other than Latex Rubber Thread) | |
| Vulcanised rubber thread and cord: Cord, not covered | |
| Latex Rubber Thread | |
| Vulcanised rubber thread and cord: Other |
Vulcanised rubber thread and cord: Thread, not covered (Other than Latex Rubber Thread)
Vulcanised rubber thread and cord: Cord, not covered
Latex Rubber Thread
Vulcanised rubber thread and cord: Other
It includes Vulcanised rubber thread
If your outward supply of Vulcanised rubber thread is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
Use a delivery challan for sending Vulcanised rubber thread to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.