GST Rate & HSN Code 45 – CORK AND ARTICLES OF CORK

The HSN code for CORK AND ARTICLES OF CORK is 45. This code falls under Chapter 45 of the GST HSN classification system, which covers CORK AND ARTICLES OF CORK. It is used for accurate product classification during GST invoicing, return filing, and tax compliance.

HSN code 45 falls under Chapter 45 of the GST HSN classification, which covers CORK AND ARTICLES OF CORK. Chapter 45 groups all related products together to standardize GST rates and simplify tax classification for businesses dealing with CORK AND ARTICLES OF CORK.

Yes, registered businesses can generally claim Input Tax Credit (ITC) on GST paid for CORK AND ARTICLES OF CORK under HSN code 45, provided it is used for business purposes, and all ITC conditions under the GST Act are met. Consult a RegisterKaro expert for clarification.

Yes, mentioning HSN code 45 on your GST invoice for CORK AND ARTICLES OF CORK is mandatory. The number of digits required (4, 6, or 8) depends on your annual turnover as per CBIC rules. Correct HSN mention ensures accurate tax calculation and smooth return filing.