43039020
OF ANIMALS COVERED UNDER CONVENTION ON INTERNATIONAL TRADE OF ENDANGERED SPECIES (CITES), OTHER THAN THOSE OF TARIFF ITEM 4303 90 9
Tax Calculator for 43039020
E-Way Bill Rules
For of animals covered under convention on international trade of endangered species (cites), other than those of tariff item 4303 90 9, 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 43039020 falls under Chapter 43. 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 (4303) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of of animals covered under convention on international trade of endangered species (cites), other than those of tariff item 4303 90 9. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 43039020?
The GST rate for HSN Code 43039020 (OF ANIMALS COVERED UNDER CONVENTION ON INTERNATIONAL TRADE OF ENDANGERED SPECIES (CITES), OTHER THAN THOSE OF TARIFF ITEM 4303 90 9) is 18%.
Q: Is HSN 43039020 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 OF ANIMALS COVERED UNDER CONVENTION ON INTERNATIONAL TRADE OF ENDANGERED SPECIES (CITES), OTHER THAN THOSE OF TARIFF ITEM 4303 90 9?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.