440323
OF FIR (ABIES SPP.) AND SPRUCE (PICEA SPP.), OF WHICH THE SMALLEST CROSSSECTIONAL DIMENSION IS 15 CM OR MORE:
Tax Calculator for 440323
E-Way Bill Rules
For of fir (abies spp.) and spruce (picea spp.), of which the smallest crosssectional dimension is 15 cm or more:, 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 440323 falls under Chapter 44. 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 (4403) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of of fir (abies spp.) and spruce (picea spp.), of which the smallest crosssectional dimension is 15 cm or more:. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 440323?
The GST rate for HSN Code 440323 (OF FIR (ABIES SPP.) AND SPRUCE (PICEA SPP.), OF WHICH THE SMALLEST CROSSSECTIONAL DIMENSION IS 15 CM OR MORE:) is 18%.
Q: Is HSN 440323 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 FIR (ABIES SPP.) AND SPRUCE (PICEA SPP.), OF WHICH THE SMALLEST CROSSSECTIONAL DIMENSION IS 15 CM OR MORE:?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.