GST Rate & HSN Code 49070020 – BANK NOTES
BANK NOTES falls under HSN code 49070020 and attracts a GST rate of 18% in India. This HSN code is part of Chapter 49. Find the complete GST rate breakdown, classification details, and tax information for BANK NOTES below.
HSN Code 49070020 & Related Codes
Showing 6 of 6 entries| HSN Code | Description | GST Rate | CGST | SGST | IGST | CESS |
|---|---|---|---|---|---|---|
| 49070020Primary | BANK NOTES | 18% | 9% | 9% | 18% | 0 |
| 4907 | 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 | 18% | 9% | 9% | 18% | 0 |
| 490700 | 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 : | 18% | 9% | 9% | 18% | 0 |
| 49070010 | 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 | 18% | 9% | 9% | 18% | 0 |
| 49070030 | DOCUMENTS OF TITLE CONVEYING THE RIGHT TO USE INFORMATION TECHNOLOGY SOFTWARE | 18% | 9% | 9% | 18% | 0 |
| 49070090 | OTHER | 18% | 9% | 9% | 18% | 0 |
Disclaimer: The GST rates and HSN codes listed above are compiled from the latest CBIC notifications and NIC's GST e-Invoice system master codes, to the best of our knowledge. Rates are subject to change based on the Government of India and GST Council updates. RegisterKaro is not liable for any discrepancies or decisions made based on this information. For the most accurate and updated "16th October 2020" of GST and cess rates, please visit the official CBIC website. Need help with GST registration or filing? Talk to a RegisterKaro expert.
Frequently Asked Questions
Everything you need to know about HSN Code 49070020 and its GST rate.
BANK NOTES attracts a GST rate of 18% in India under HSN code 49070020. This rate has been notified by the Central Board of Indirect Taxes and Customs (CBIC) and applies to all taxable supplies of BANK NOTES across India for GST-registered businesses.
