Chapter 1 of the GST framework covers Live Animals; Animal Products, and HSN Code 1011010 specifically identifies Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses. Tax rates applicable include CGST at Nil, SGST/UTGST at Nil, and IGST at Nil for interstate movements. The standard unit of measurement is u.
HSN Codes under Chapter 1 – Live Animals; Animal Products
Below are related HSN codes from Chapter 1 – Live Animals; Animal Products for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Live Animals; Animal Products... | 1011020 | Live Horses, Asses, Mulesandhinnies Pure-Bred Bree... | Nil | Nil | Nil |
| Live Animals; Animal Products... | 1011090 | Live Horses, Asses, Mules And Hinnies Pure-Bred Br... | Nil | Nil | Nil |
| Live Animals; Animal Products... | 1012100 | Pure-Bred Bredding Animals | 0.06 | 0.06 | 0.12 |
| Live Animals; Animal Products... | 1012910 | Horses For Polo | 6.00% | 6.00% | 12.00% |
| Live Animals; Animal Products... | 1012990 | Other | 0.06 | 0.06 | 0.12 |
| Live Animals; Animal Products... | 1013010 | Pure-Bred Breeding Animals | Nil | Nil | Nil |
| Live Animals; Animal Products... | 1013020 | Livestock | Nil | Nil | Nil |
| Live Animals; Animal Products... | 1013090 | Other | Nil | Nil | Nil |
| Live Animals; Animal Products... | 1019010 | Live Horses, Asses, Mules And Hinnies - Other - Ho... | Nil | Nil | Nil |
| Live Animals; Animal Products... | 1019020 | Live Horses, Asses, Mules And Hinnies - Other - As... | Nil | Nil | Nil |
GST Rates for HSN 1011010
The tax structure for Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses under HSN Code 1011010 follows a dual taxation model. CGST is levied at Nil and SGST/UTGST at Nil for intrastate sales. Interstate transactions attract IGST at Nil. All invoices must record quantities in u as the standard measurement for goods under Chapter 1 – Live Animals; Animal Products.
Who Should Use HSN Code 1011010?
Manufacturers, wholesalers, retailers, and exporters dealing in Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses are required to mention HSN 1011010 on all tax documents. This classification under Live Animals; Animal Products applies to businesses of all sizes operating within Chapter 1. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Planning to trade in Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses? Complete GST registration to legally collect taxes on goods under HSN 1011010. Businesses importing or exporting Live Animals; Animal Products products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Accurate application of HSN Code 1011010 for Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 1 – Live Animals; Animal Products should monitor rate updates (Nil, Nil, Nil) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 1011010 should I mention on invoices?
The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 1011010 for accurate classification of Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses.
Can I claim input tax credit on Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses purchases?
Yes, registered businesses can claim input tax credit on Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses purchases made under HSN 1011010. Ensure your supplier mentions correct HSN code and GST rates (Nil, Nil) on the invoice.
What is the difference between CGST and IGST for HSN 1011010?
CGST at Nil plus SGST/UTGST at Nil applies when Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses is sold within the same state. IGST at Nil is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses domestically?
No, Import Export Code is only required if you plan to import or export Live Horses, Asses, Mules And Hinnies Pure-Bred Breeding Animals Horses internationally. For domestic trade within Live Animals; Animal Products, GST registration is sufficient.
