13011050 is the designated HSN classification for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Bleached Lac, categorized under Chapter 13 – Lac; Gums, Resins And Other V in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Bleached Lac 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 N.a for billing purposes.

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... 13011040 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 13011050

For Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Bleached Lac classified under HSN Code 13011050, tax computation follows GST principles. CGST at Nil plus SGST/UTGST at Nil covers intrastate sales. IGST at Nil applies to interstate transactions. N.a is the prescribed measurement for Lac; Gums, Resins And Other V under Chapter 13.

Who Should Use HSN Code 13011050?

Traders, manufacturers, and importers of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Bleached Lac are required to mention HSN Code 13011050 on all GST documents. This Lac; Gums, Resins And Other V classification under Chapter 13 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Starting a business involving Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Bleached Lac? GST registration is mandatory for collecting and remitting taxes on HSN 13011050 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 13011050 accurately for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Bleached 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)

Which chapter does HSN Code 13011050 belong to?

HSN Code 13011050 falls under Chapter 13 – Lac; Gums, Resins And Other V in the GST tariff schedule. This chapter covers various goods including Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Bleached Lac.

Is IGST applicable on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Bleached Lac?

Yes, IGST at Nil is applicable when Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Bleached Lac is supplied interstate or imported. For local sales within a state, CGST at Nil and SGST/UTGST at Nil apply instead.

Can e-commerce sellers use HSN Code 13011050?

Yes, e-commerce sellers dealing in Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Bleached Lac must use HSN 13011050 on their invoices. This applies to all online platforms operating under Lac; Gums, Resins And Other V classification.

How do I start an import business for Lac; Gums, Resins And Other V goods?

To import goods under Lac; Gums, Resins And Other V, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.