13019013 is the designated HSN classification for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Asafoetida, 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)Other : Natural Gums : Asafoetida must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Quantities are measured in kg. 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... | 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 |
GST Rates for HSN 13019013
The tax structure for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Asafoetida under HSN Code 13019013 follows a dual taxation model. CGST is levied at 2.50% and SGST/UTGST at 2.50% for intrastate sales. Interstate transactions attract IGST at 5.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 13 – Lac; Gums, Resins And Other V.
Who Should Use HSN Code 13019013?
Every entity transacting in Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Asafoetida must quote HSN Code 13019013 on invoices. This includes traders, distributors, and e-commerce sellers operating under Lac; Gums, Resins And Other V. Chapter 13 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Asafoetida? GST registration is mandatory for collecting and remitting taxes on HSN 13019013 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 HSN Code 13019013 usage for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Asafoetida simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 13 – Lac; Gums, Resins And Other V to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 13019013 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 13019013 for accurate classification of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Asafoetida.
Can I claim input tax credit on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Asafoetida purchases?
Yes, registered businesses can claim input tax credit on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Asafoetida purchases made under HSN 13019013. Ensure your supplier mentions correct HSN code and GST rates (2.50%, 2.50%) on the invoice.
What is the difference between CGST and IGST for HSN 13019013?
CGST at 2.50% plus SGST/UTGST at 2.50% applies when Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Asafoetida is sold within the same state. IGST at 5.00% 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)Other : Natural Gums : Asafoetida 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)Other : Natural Gums : Asafoetida internationally. For domestic trade within Lac; Gums, Resins And Other V, GST registration is sufficient.
