HSN Code 13012000 provides the tax classification for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Gum Arabic under Chapter 13 – Lac; Gums, Resins And Other V of the GST tariff. Businesses dealing in Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Gum Arabic must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.025, SGST/UTGST at 0.025, and IGST at 0.05. The recognized unit of measurement is kg..
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... | 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... | 13019011 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | 2.50% | 2.50% | 5.00% |
GST Rates for HSN 13012000
The taxation of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Gum Arabic under HSN Code 13012000 depends on supply location. Intrastate transactions require CGST at 0.025 and SGST/UTGST at 0.025. Interstate supplies are charged IGST at 0.05. Invoices should consistently use kg. for Lac; Gums, Resins And Other V goods under Chapter 13.
Who Should Use HSN Code 13012000?
All businesses supplying Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Gum Arabic are obligated to use HSN 13012000 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) Gum Arabic? GST registration is mandatory for collecting and remitting taxes on HSN 13012000 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 13012000 accurately for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Gum Arabic avoids compliance issues and facilitates credit claims. Monitor changes to 0.025, 0.025, and 0.05 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 13012000 belong to?
HSN Code 13012000 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) Gum Arabic.
Is IGST applicable on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Gum Arabic?
Yes, IGST at 0.05 is applicable when Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Gum Arabic is supplied interstate or imported. For local sales within a state, CGST at 0.025 and SGST/UTGST at 0.025 apply instead.
Can e-commerce sellers use HSN Code 13012000?
Yes, e-commerce sellers dealing in Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams) Gum Arabic must use HSN 13012000 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.
