44122950
PLYWOOD, VENEERED PANELS AND SIMILAR LAMINATED WOOD - OTHER, WITH AT LEAST ONE OUTER PLY OF NONCONIFEROUS WOOD : OTHER : CUTTINGS AND TRIMMINGS OF PLYWOOD OF WIDTH NOT EXCEEDING 5 CM
Tax Calculator for 44122950
E-Way Bill Rules
For plywood, veneered panels and similar laminated wood - other, with at least one outer ply of nonconiferous wood : other : cuttings and trimmings of plywood of width not exceeding 5 cm, 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 44122950 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 (4412) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of plywood, veneered panels and similar laminated wood - other, with at least one outer ply of nonconiferous wood : other : cuttings and trimmings of plywood of width not exceeding 5 cm. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 44122950?
The GST rate for HSN Code 44122950 (PLYWOOD, VENEERED PANELS AND SIMILAR LAMINATED WOOD - OTHER, WITH AT LEAST ONE OUTER PLY OF NONCONIFEROUS WOOD : OTHER : CUTTINGS AND TRIMMINGS OF PLYWOOD OF WIDTH NOT EXCEEDING 5 CM) is 18%.
Q: Is HSN 44122950 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 PLYWOOD, VENEERED PANELS AND SIMILAR LAMINATED WOOD - OTHER, WITH AT LEAST ONE OUTER PLY OF NONCONIFEROUS WOOD : OTHER : CUTTINGS AND TRIMMINGS OF PLYWOOD OF WIDTH NOT EXCEEDING 5 CM?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.