Chapter 13 of the GST framework covers Lac; Gums, Resins And Other V, and HSN Code 13011080 specifically identifies Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet 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 : Garnet 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... | 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... | 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 13011080
The tax structure for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet Lac under HSN Code 13011080 follows a dual taxation model. CGST is levied at Nil and SGST/UTGST at Nil for intrastate sales. Interstate transactions attract IGST at Nil. All invoices must record quantities in N.a as the standard measurement for goods under Chapter 13 – Lac; Gums, Resins And Other V.
Who Should Use HSN Code 13011080?
Manufacturers, wholesalers, retailers, and exporters dealing in Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet Lac are required to mention HSN 13011080 on all tax documents. This classification under Lac; Gums, Resins And Other V applies to businesses of all sizes operating within Chapter 13. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Starting a business involving Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet Lac? GST registration is mandatory for collecting and remitting taxes on HSN 13011080 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
Accurate application of HSN Code 13011080 for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet Lac enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 13 – Lac; Gums, Resins And Other V should monitor rate updates (Nil, Nil, Nil) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 13011080 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 13011080 for accurate classification of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet Lac.
Can I claim input tax credit on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet Lac purchases?
Yes, registered businesses can claim input tax credit on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet Lac purchases made under HSN 13011080. 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 13011080?
CGST at Nil plus SGST/UTGST at Nil applies when Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet Lac 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 Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet Lac domestically?
No, Import Export Code is only required if you plan to import or export Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Lac : Garnet Lac internationally. For domestic trade within Lac; Gums, Resins And Other V, GST registration is sufficient.
