What products are classified under HSN 4702
It includes Chemical wood pulp, dissolving grades
HSN Sub Chapter 4702 represents Chemical wood pulp, dissolving grades under GST classification. This code helps businesses identify Chemical wood pulp, dissolving grades correctly for billing, taxation, and trade. With HSN Sub Chapter 4702, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Chemical wood pulp, dissolving grades.
GST Rate for Chemical wood pulp, dissolving grades under HSN Code 4702. 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 |
|---|---|---|---|---|
| 47 | 4702 | Chemical wood pulp, dissolving grades | 5% | 12% |
Following Tariff HSN code falls under Chemical wood pulp, dissolving grades:
| Tariff HSN | Description |
|---|---|
| Chemical wood pulp, dissolving grades |
Chemical wood pulp, dissolving grades
It includes Chemical wood pulp, dissolving grades
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.
If your outward supply of Chemical wood pulp, dissolving grades 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.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
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.
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.
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.