94042920
OF RUBBERISED COIR WITH OR WITHOUT COMBINATION OFOTHER MATERIALS, WHETHER OR NOT WITH METALLIC SPRINGS.
Tax Calculator for 94042920
E-Way Bill Rules
For of rubberised coir with or without combination ofother materials, whether or not with metallic springs., 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 94042920 falls under Chapter 94. 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 (9404) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of of rubberised coir with or without combination ofother materials, whether or not with metallic springs.. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 94042920?
The GST rate for HSN Code 94042920 (OF RUBBERISED COIR WITH OR WITHOUT COMBINATION OFOTHER MATERIALS, WHETHER OR NOT WITH METALLIC SPRINGS.) is 18%.
Q: Is HSN 94042920 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 RUBBERISED COIR WITH OR WITHOUT COMBINATION OFOTHER MATERIALS, WHETHER OR NOT WITH METALLIC SPRINGS.?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.