Chapter 1 of the GST framework covers Live Animals; Animal Products, and HSN Code 1029010 specifically identifies Live Bovine Animals - Other - Bulls - Adult for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Live Bovine Animals - Other - Bulls - Adult. 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... | 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 1029010
Tax liability for Live Bovine Animals - Other - Bulls - Adult under HSN 1029010 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 1029010?
Manufacturers, wholesalers, retailers, and exporters dealing in Live Bovine Animals - Other - Bulls - Adult are required to mention HSN 1029010 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 Bovine Animals - Other - Bulls - Adult? Complete GST registration to legally collect taxes on goods under HSN 1029010. 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 1029010 for Live Bovine Animals - Other - Bulls - 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)
HSN Code 1029010 falls under Chapter 1 – Live Animals; Animal Products in the GST tariff schedule. This chapter covers various goods including Live Bovine Animals - Other - Bulls - Adult.
Yes, IGST at Nil is applicable when Live Bovine Animals - Other - Bulls - Adult is supplied interstate or imported. For local sales within a state, CGST at Nil and SGST/UTGST at Nil apply instead.
Yes, e-commerce sellers dealing in Live Bovine Animals - Other - Bulls - Adult must use HSN 1029010 on their invoices. This applies to all online platforms operating under Live Animals; Animal Products classification.
To import goods under Live Animals; Animal Products, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.