53050040
COIR PITH, PROCESSED IN VALUE ADDED FORM LIKE BRIQUETTE, COINS, NEO DISC, GROW BAGS, ORGANIC MANURE AND IN LOOSE FORM FOR USE IN HORTICULTURE OR AGRICULTURE.
Tax Calculator for 53050040
E-Way Bill Rules
For coir pith, processed in value added form like briquette, coins, neo disc, grow bags, organic manure and in loose form for use in horticulture or agriculture., the E-Way Bill threshold is ₹50,000. Since the rate is 0%, you must generate a bill if the Taxable Value exceeds ₹50,000.
Example Calculation
- Base Value: ₹50,000
- + GST (0%): ₹0
- 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 53050040 falls under Chapter 53. 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 (5305) is sufficient for B2B invoices.
Ensure that you charge 0% CGST and 0% SGST for intra-state supplies of coir pith, processed in value added form like briquette, coins, neo disc, grow bags, organic manure and in loose form for use in horticulture or agriculture.. For inter-state supplies, the full 0% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 53050040?
The GST rate for HSN Code 53050040 (COIR PITH, PROCESSED IN VALUE ADDED FORM LIKE BRIQUETTE, COINS, NEO DISC, GROW BAGS, ORGANIC MANURE AND IN LOOSE FORM FOR USE IN HORTICULTURE OR AGRICULTURE.) is 0%.
Q: Is HSN 53050040 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 COIR PITH, PROCESSED IN VALUE ADDED FORM LIKE BRIQUETTE, COINS, NEO DISC, GROW BAGS, ORGANIC MANURE AND IN LOOSE FORM FOR USE IN HORTICULTURE OR AGRICULTURE.?
Multiply the taxable value by 0. For ₹1000 value, GST is ₹0.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.