49070020Tariff Item (8-digit)Section X

HSN Code 49070020 – Bank Notes

Full GST classification for Bank Notes — chapter, heading and tariff hierarchy, GST rate slabs and related HSN codes. Updated for India GST.

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HSN Code

49070020

Chapter

49

Digits

8-digit

Section

X

What is HSN Code 49070020?

HSN code 49070020 is the Harmonized System of Nomenclature classification for Bank Notes under India's Goods and Services Tax (GST). It is a 8-digit code sitting at the tariff item (8-digit) level of the HSN hierarchy.

This code belongs to Chapter 49 — Printed Books, Newspapers, Pictures And Other Products Of The…, which is part of Section X: Pulp, Paper & Paperboard. Every GST-registered business supplying bank notes must quote HSN 49070020 (or the digit-length required for its turnover) on tax invoices and in GSTR-1.

Classification breakdown of 49070020

LevelCodeDescription
Chapter49printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans
Heading4907unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognized face value; stamp-impressed paper; bank notes; cheque forms; stock, share or bond certificates and similar documents of title
Sub-heading490700unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognized face value, stamp-impressed paper, bank notes, cheque forms, stock, share or bond certificates and similar documents of title :
Tariff49070020bank notes

GST rate for HSN 49070020

Goods under HSN 49070020 attract GST at one of the five standard slabs. The exact rate depends on the specific product and the latest GST Council notification — always confirm before invoicing.

0%

Nil / Exempt

Fresh produce, milk, cereals, books

5%

Merit rate

Essentials, packaged food, transport

12%

Standard-low

Processed food, mobiles, apparel > ₹1,000

18%

Standard

Most goods, electronics, services

28%

Demerit / luxury

Cars, cement, aerated drinks, tobacco

Find the exact GST rate for Bank Notes →

HSN Code 49070020 — FAQs

What is HSN code 49070020?

HSN code 49070020 classifies "Bank Notes" under India's GST regime. It falls under Chapter 49 (Printed Books, Newspapers, Pictures And Other Products Of The…) of the Harmonized System of Nomenclature.

How many digits is HSN code 49070020?

49070020 is a 8-digit HSN code — a tariff item (8-digit). Businesses declare 4-digit HSN (turnover up to ₹5 crore) or 6-digit HSN (above ₹5 crore) on GST invoices; 8-digit codes are used for exports and imports.

What is the GST rate for HSN code 49070020?

Goods under HSN 49070020 are taxed at one of the GST slabs — 0%, 5%, 12%, 18% or 28% — depending on the exact product and the latest GST Council notification. Use the Laabam.One GST Rate Finder to confirm the current rate for Bank Notes.

Which chapter does HSN code 49070020 belong to?

HSN 49070020 belongs to Chapter 49 — Printed Books, Newspapers, Pictures And Other Products Of The…, part of Section X: Pulp, Paper & Paperboard.

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