If you’re in the business of selling bamboo or cane-based products, you’ve probably come across the term 4602 HSN code GST rate. While most business owners understand the importance of GST compliance, not everyone is sure where to find the exact GST rate for their specific goods, especially when it comes to products falling under the HSN code 4602.
This article is here to make it easy for you. We’ll explain what the HSN 4602 code covers, how GST rates are applied to these items, where you can find the official information, and how using smart tools like GST billing software and inventory management software (such as MargBooks) can make your compliance process smooth and stress-free.
What Exactly is HSN Code 4602?
HSN, or Harmonised System of Nomenclature, is a globally accepted system used for classifying goods in trade. In India, the GST system heavily relies on HSN codes to ensure uniform tax rates and compliance.
Now, HSN code 4602 specifically refers to products made from plaiting materials such as bamboo, cane, rattan, or similar natural fibres. These are items commonly found in traditional Indian crafts and rural industries.
Under this code, you’ll typically find:
- Hand-woven baskets
- Bamboo and cane furniture
- Mats and blinds
- Wickerwork products used for home decor
So if your business deals with any of these, this is the code that applies to your product category.
Why Is It Important to Know the GST Rate for HSN Code 4602?
Applying the wrong GST rate to your product can lead to unnecessary complications. Whether you’re a wholesaler, a small business owner, or a local artisan, staying updated on the correct tax rate is essential.
Here’s why it matters:
- You avoid overcharging or undercharging customers
- Your GST returns stay accurate
- You can claim the correct Input Tax Credit (ITC)
- You stay safe from penalties during audits
In short, knowing the right 4602 HSN code GST rate helps you keep your billing and taxation completely compliant with government norms.
Where Can You Check the Official GST Rate for HSN Code 4602?
You don’t need to depend on guesswork or outdated PDFs. There are several reliable sources to check the official GST rate for HSN code 4602.
1. The Official GST Portal
The Government of India has made it easy for businesses to search HSN codes and applicable GST rates on the official GST portal. Just go to the homepage and click on “Search HSN Code.” Type in 4602, and you’ll be shown the GST rates that apply to different product categories under that code.
This is the most direct and official way to check current GST rates.
2. CBIC Website
The Central Board of Indirect Taxes and Customs (CBIC) also publishes GST rate updates and notifications. It’s a great source if you’re dealing with imports or exports, or if you’re looking for detailed tax circulars.
3. GST Billing Software like MargBooks
Manually checking rates every time you prepare a bill can be time-consuming and prone to error. That’s where GST billing software, MargBooks, comes in handy.
With MargBooks, you don’t have to remember every HSN code or GST slab. It automatically suggests the right code and tax rate based on the product entered. This not only saves you time but also ensures that your GST filings are error-free.
What is the GST Rate for Products Under HSN Code 4602?
While the actual rate can depend on whether the item is handmade, branded, or machine-made, here’s a general idea:
- Handmade baskets or mats that are unbranded usually attract a lower GST rate, often around 5 percent.
- Branded or high-end bamboo furniture can fall under a 12 percent rate.
- Decorative, premium-quality woven items might fall under an 18 percent slab.
These rates can change depending on the government’s periodic revisions, so it’s always best to double-check on the GST portal or use GST billing software to stay current.
How GST Billing Software Helps You Stay Compliant?
Managing GST manually can be a daunting task, especially when you deal with multiple product types, suppliers, and buyers. Here’s how using advanced GST billing software can make a huge difference:
- It auto-detects and applies the correct GST rate based on your product’s HSN code.
- You can generate GST-compliant invoices in seconds.
- It reduces manual errors, which means fewer chances of notices or audits.
- Filing GST returns becomes a matter of clicks, not hours.
MargBooks is one such tool trusted by thousands of Indian businesses. It offers real-time tax updates, preloaded HSN codes, and seamless integration with your inventory and accounting.
Combine Billing and Inventory: The Smart Way to Work
In today’s fast-paced market, it’s not just about billing. Stock control plays a vital role too. By using inventory management software along with GST billing, you get a full 360-degree view of your business operations.
Here’s why it works:
- Your stock gets updated automatically with every sale or purchase
- You receive real-time alerts on low inventory
- Batch and expiry tracking become easier
- Cash flow remains more predictable
MargBooks offers this dual functionality managing both billing and inventory—so you don’t need to switch between multiple systems.
Final Thoughts
Checking the official 4602 HSN code GST rate doesn’t have to be a complicated task. Whether you choose to visit the GST portal or use reliable software, MargBooks, the key is to stay informed and compliant.
With the right tools, such as GST billing software and inventory management software, managing your business becomes not only easier but also far more accurate. You save time, reduce errors, and stay worry-free during tax filing season.
So go ahead check your GST rates, update your invoices, and run your business smarter with tools that work as hard as you do.
