Chapter 13 of the GST framework covers Lac; Gums, Resins And Other V, and HSN Code 13011040 specifically identifies Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac. Tax rates applicable include CGST at Nil, SGST/UTGST at Nil, and IGST at Nil for interstate movements. The standard unit of measurement is 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... | 13011030 | 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 13011040
The taxation of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac under HSN Code 13011040 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 13011040?
All businesses supplying Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac are obligated to use HSN 13011040 on tax invoices. From producers to retailers within Lac; Gums, Resins And Other V, Chapter 13 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Starting a business involving Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac? GST registration is mandatory for collecting and remitting taxes on HSN 13011040 goods. Companies planning international trade within Lac; Gums, Resins And Other V must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Using HSN Code 13011040 accurately for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac avoids compliance issues and facilitates credit claims. Monitor changes to Nil, Nil, and Nil rates for Chapter 13 – Lac; Gums, Resins And Other V to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 13011040?
Official GST rates for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac under HSN 13011040 are published in government notifications and the CBIC website. Current rates are CGST Nil, SGST/UTGST Nil, and IGST Nil.
Do online marketplaces need to mention HSN 13011040?
Yes, online marketplaces and e-commerce operators selling Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac must mention HSN Code 13011040 on invoices. This Lac; Gums, Resins And Other V classification applies to all sales channels under Chapter 13.
What documents are needed for company registration to trade in Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac under HSN 13011040.
How often do GST rates change for Lac; Gums, Resins And Other V products?
GST rates for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Dewaxed And Decolourised Lac and other Lac; Gums, Resins And Other V products under Chapter 13 may change through GST Council recommendations. Monitor official notifications to stay updated on Nil, Nil, and Nil revisions.