39231010
PLASTIC CONTAINERS FOR AUDIO OR VIDEO CASSETTES, CASSETTE TAPES, FLOPPY DISK AND SIMILAR ARTICLES
Tax Calculator for 39231010
E-Way Bill Rules
For plastic containers for audio or video cassettes, cassette tapes, floppy disk and similar articles, the E-Way Bill threshold is ₹50,000. Since the rate is 18%, you must generate a bill if the Taxable Value exceeds ₹42,372.
Example Calculation
- Base Value: ₹42,372
- + GST (18%): ₹7,626.96
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Can I claim ITC?
Yes, if used for business. This reduces your final cash liability.
Input Tax Credit (ITC) Logic
Compliance & Validation
HSN 39231010 falls under Chapter 39. It is mandatory to mention this code on invoices if your annual turnover exceeds ₹5 Crore. For turnover below ₹5 Crore, mentioning the 4-digit code (3923) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of plastic containers for audio or video cassettes, cassette tapes, floppy disk and similar articles. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 39231010?
The GST rate for HSN Code 39231010 (PLASTIC CONTAINERS FOR AUDIO OR VIDEO CASSETTES, CASSETTE TAPES, FLOPPY DISK AND SIMILAR ARTICLES) is 18%.
Q: Is HSN 39231010 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'eligible'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for PLASTIC CONTAINERS FOR AUDIO OR VIDEO CASSETTES, CASSETTE TAPES, FLOPPY DISK AND SIMILAR ARTICLES?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.