Under the GST regime, HSN Code 13011030 classifies Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac within Chapter 13 – Lac; Gums, Resins And Other V. This code is essential for businesses to correctly calculate and remit taxes on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac. The applicable rates are CGST at Nil, SGST/UTGST at Nil for within-state sales, and IGST at Nil for interstate supplies. Goods are quantified using N.a.
HSN Codes under Chapter 13 – Lac; Gums, Resins And Other V
Below are related HSN codes from Chapter 13 – Lac; Gums, Resins And Other V for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Lac; Gums, Resins And Other V... | 13011010 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | Nil | Nil | Nil |
| Lac; Gums, Resins And Other V... | 13011020 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | Nil | Nil | Nil |
| Lac; Gums, Resins And Other V... | 13011040 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | Nil | Nil | Nil |
| Lac; Gums, Resins And Other V... | 13011050 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | Nil | Nil | Nil |
| Lac; Gums, Resins And Other V... | 13011060 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | Nil | Nil | Nil |
| Lac; Gums, Resins And Other V... | 13011070 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | Nil | Nil | Nil |
| Lac; Gums, Resins And Other V... | 13011080 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | Nil | Nil | Nil |
| Lac; Gums, Resins And Other V... | 13011090 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | Nil | Nil | Nil |
| Lac; Gums, Resins And Other V... | 13012000 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | 0.025 | 0.025 | 0.05 |
| Lac; Gums, Resins And Other V... | 13019011 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | 2.50% | 2.50% | 5.00% |
GST Rates for HSN 13011030
The taxation of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac under HSN Code 13011030 depends on supply location. Intrastate transactions require CGST at Nil and SGST/UTGST at Nil. Interstate supplies are charged IGST at Nil. Invoices should consistently use N.a for Lac; Gums, Resins And Other V goods under Chapter 13.
Who Should Use HSN Code 13011030?
Any business engaged in supplying Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac must apply HSN 13011030 on invoices. The Lac; Gums, Resins And Other V category under Chapter 13 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Entering the Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac market requires essential registrations. GST registration enables legal tax collection on HSN 13011030 goods. For cross-border trade in Lac; Gums, Resins And Other V items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Correct HSN Code 13011030 application for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac ensures smooth input credit utilization and assessment processes. Track Nil, Nil, and Nil rate changes for Chapter 13 – Lac; Gums, Resins And Other V through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 13011030?
The standard unit of measurement for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac under HSN Code 13011030 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 13011030 mandatory for small businesses?
Yes, businesses dealing in Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac must use HSN 13011030 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 Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 13011030 for Lac; Gums, Resins And Other V goods before invoicing.
Do I need AD Code registration for exporting Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac?
Yes, AD Code registration is required for exporters dealing in Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Stick Lac under Lac; Gums, Resins And Other V. This registration links your bank account to process foreign currency payments from overseas buyers.
