HSN code 40131020 is
a 8-digit Harmonized System of Nomenclature (HSN) code used in India for GST classification.
It covers: For lorries and buses.
This code falls under Chapter 40
(Rubber) of the Indian GST tariff.
The applicable GST rate is 18%
(CGST 9% + SGST 9% for intra-state, or IGST 18% for inter-state transactions).
Who needs this code? Any GST-registered business supplying
goods classified under this
HSN code must quote it on their tax invoices.
Turnover above ₹5 crore requires 6-digit codes;
exporters must use 8-digit HSN codes.
Frequently Asked Questions
What is HSN code 40131020?
HSN 40131020 refers to: For lorries and buses. It belongs to Chapter 40 (Rubber) of the GST tariff.
What is the GST rate for HSN code 40131020?
The GST rate for HSN code 40131020 is 18% — CGST 9% + SGST 9% for intra-state, or IGST 18% for inter-state supply.
Is HSN code 40131020 mandatory on invoices?
Yes. If your business supplies goods/services under this code, you must quote the HSN/SAC code on GST invoices. Businesses with turnover below ₹5 crore use 4-digit HSN; above ₹5 crore use 6-digit; exporters use 8-digit.
What chapter does HSN code 40131020 belong to?
HSN code 40131020 belongs to Chapter 40 of the GST tariff, which covers Rubber.