Chapter 1 of the GST framework covers Live Animals; Animal Products, and HSN Code 1039200 specifically identifies Live Swine- Other Weighing 50Kg. Or More for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Live Swine- Other Weighing 50Kg. Or More. 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 1039200
Tax liability for Live Swine- Other Weighing 50Kg. Or More under HSN 1039200 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 1039200?
Every entity transacting in Live Swine- Other Weighing 50Kg. Or More must quote HSN Code 1039200 on invoices. This includes traders, distributors, and e-commerce sellers operating under Live Animals; Animal Products. Chapter 1 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Looking to deal in Live Swine- Other Weighing 50Kg. Or More? GST registration is your first compliance requirement for HSN 1039200 goods. International traders in Live Animals; Animal Products products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Correct HSN Code 1039200 application for Live Swine- Other Weighing 50Kg. Or More ensures smooth input credit utilization and assessment processes. Track Nil, Nil, and Nil rate changes for Chapter 1 – Live Animals; Animal Products through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 1039200 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 1039200 for accurate classification of Live Swine- Other Weighing 50Kg. Or More.
Can I claim input tax credit on Live Swine- Other Weighing 50Kg. Or More purchases?
Yes, registered businesses can claim input tax credit on Live Swine- Other Weighing 50Kg. Or More purchases made under HSN 1039200. 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 1039200?
CGST at Nil plus SGST/UTGST at Nil applies when Live Swine- Other Weighing 50Kg. Or More 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 Swine- Other Weighing 50Kg. Or More domestically?
No, Import Export Code is only required if you plan to import or export Live Swine- Other Weighing 50Kg. Or More internationally. For domestic trade within Live Animals; Animal Products, GST registration is sufficient.
