1021010 is the designated HSN classification for Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult, categorized under Chapter 1 – Live Animals; Animal Products in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at Nil, SGST/UTGST at Nil for local transactions, and IGST at Nil for interstate supplies. Quantities are measured in u for billing purposes.
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... | 1011010 | Live Horses, Asses, Mules And Hinnies Pure-Bred Br... | Nil | Nil | Nil |
| 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 |
GST Rates for HSN 1021010
Tax liability for Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult under HSN 1021010 varies by transaction geography. CGST at Nil combined with SGST/UTGST at Nil applies to local sales. Interstate movement attracts IGST at Nil. All billing for Chapter 1 – Live Animals; Animal Products products must use u.
Who Should Use HSN Code 1021010?
All businesses supplying Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult are obligated to use HSN 1021010 on tax invoices. From producers to retailers within Live Animals; Animal Products, Chapter 1 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Planning to trade in Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult? Complete GST registration to legally collect taxes on goods under HSN 1021010. 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 1021010 for Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult 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)
What is the unit of measurement for HSN 1021010?
The standard unit of measurement for Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult under HSN Code 1021010 is u. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 1021010 mandatory for small businesses?
Yes, businesses dealing in Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult must use HSN 1021010 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 1021010 for Live Animals; Animal Products goods before invoicing.
Do I need AD Code registration for exporting Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult?
Yes, AD Code registration is required for exporters dealing in Live Bovine Animals - Bulls - Pure-Bred Breeding Animals : Adult under Live Animals; Animal Products. This registration links your bank account to process foreign currency payments from overseas buyers.
