Eraser HSN Code
GST rates and HSN code for Eraser.
| Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate Revision |
|---|---|---|---|---|---|---|
| Rubber and articles thereof | Other Articles Of Vulcanised Rubber Other Than Hard Rubber – Other : Erasers | 40169200 | 5% | – | 15/11/2017 22/09/2017 | – |
| Erasers | 4016 | 5% | – | 01/07/2017 | – |
The Eraser HSN Code and its GST Rate
For stationery businesses, retailers, and consumers alike, understanding the Goods and Services Tax (GST) implications on everyday items is essential. Erasers, a common stationery product, have a specific Harmonized System of Nomenclature (HSN) code that determines the applicable GST rate. Let’s explore the HSN code for erasers based on the provided data.
Pinpointing HSN Code for Erasers
According to the provided data, erasers are classified under Chapter 40, which pertains to “Rubber and articles thereof.” The specific HSN code for erasers made of vulcanized rubber (other than hard rubber) is 40169200. The data also broadly categorizes “Erasers” under HSN code 4016. Therefore, the primary HSN code for most common erasers is 40169200.
Understanding Applicable GST Rate on Erasers
The GST rate applicable to erasers under HSN code 40169200 is 5%. There is currently no CESS levied on erasers. This reduced GST rate came into effect on November 15, 2017. Prior to this, the GST rate was also 5% since the initial implementation on July 1, 2017, with a rate revision occurring on September 22, 2017, which seemingly maintained the same 5% rate.
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