Chapter 13 of the GST framework covers Lac; Gums, Resins And Other V, and HSN Code 13019017 specifically identifies Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Tragacanth (Adraganth) 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)Other : Natural Gums : Tragacanth (Adraganth). Tax rates applicable include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00% for interstate movements. The standard 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... | 13012000 | Lac; Natural Gums, Resins, Gum-Resins And Oleoresi... | 0.025 | 0.025 | 0.05 |
GST Rates for HSN 13019017
For Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Tragacanth (Adraganth) classified under HSN Code 13019017, tax computation follows GST principles. CGST at 2.50% plus SGST/UTGST at 2.50% covers intrastate sales. IGST at 5.00% applies to interstate transactions. kg. is the prescribed measurement for Lac; Gums, Resins And Other V under Chapter 13.
Who Should Use HSN Code 13019017?
Traders, manufacturers, and importers of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Tragacanth (Adraganth) are required to mention HSN Code 13019017 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)Other : Natural Gums : Tragacanth (Adraganth)? GST registration is mandatory for collecting and remitting taxes on HSN 13019017 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
Proper use of HSN Code 13019017 for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Tragacanth (Adraganth) streamlines audit processes and supports valid credit claims. Stay updated on 2.50%, 2.50%, and 5.00% rates for Chapter 13 – Lac; Gums, Resins And Other V through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 13019017 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 13019017 for accurate classification of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Tragacanth (Adraganth).
Can I claim input tax credit on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Tragacanth (Adraganth) purchases?
Yes, registered businesses can claim input tax credit on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Natural Gums : Tragacanth (Adraganth) purchases made under HSN 13019017. 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 13019017?
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 : Tragacanth (Adraganth) 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 : Tragacanth (Adraganth) 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 : Tragacanth (Adraganth) internationally. For domestic trade within Lac; Gums, Resins And Other V, GST registration is sufficient.
