QUESTION
WHAT IS THE HSN CODE AND TAX RATE OF USED NEWS PAPER
ANSWER
Used news papers is covered under HSN 4707 30 as "Recovered waste or scrap of
paper or paperboard" and taxable @ 5% as follows:
|
4707 |
|
Recovered (waste and scrap) paper or paperboard |
|
|
4707 10 00 |
- Unbleached kraft paper or paperboard or 1 5 %of corrugated paper or paperboard |
|
|
4707 20 00 |
- Other paper or paperboard made mainly of bleached chemical pulp, not coloured in the mass |
|
|
4707 30 00 |
- Paper or paperboard made mainly of mechanical pulp (for example, newspapers, journals and similar printed matter) |
|
|
4707 90 00 |
- Other, including unsorted waste and scrap |
Notification No.1/2017-Central Tax (Rate) Schedule I - 2.5%
|
198 B |
4707 |
Recovered waste or scrap of paper or paperboard |
(Reply dt. 18-01-2020)