710420
Other, unworked or simply sawn or roughly shaped
Tax Calculator for 710420
E-Way Bill Rules
For other, unworked or simply sawn or roughly shaped, the E-Way Bill threshold is ₹50,000. Since the rate is 1.5%, you must generate a bill if the Taxable Value exceeds ₹49,261.
Example Calculation
- Base Value: ₹49,261
- + GST (1.5%): ₹738.915
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Compliance & Validation
HSN 710420 falls under Chapter 71. 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 (7104) is sufficient for B2B invoices.
Ensure that you charge 0.75% CGST and 0.75% SGST for intra-state supplies of other, unworked or simply sawn or roughly shaped. For inter-state supplies, the full 1.5% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 710420?
The GST rate for HSN Code 710420 (Other, unworked or simply sawn or roughly shaped) is 1.5%.
Q: Is HSN 710420 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'check'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for Other, unworked or simply sawn or roughly shaped?
Multiply the taxable value by 0.015. For ₹1000 value, GST is ₹15.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.