Under the GST regime, HSN Code 13019021 classifies Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Resins : Copal within Chapter 13 – Lac; Gums, Resins And Other V. This code is essential for businesses to correctly calculate and remit taxes on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Resins : Copal. The applicable rates are CGST at 2.50%, SGST/UTGST at 2.50% for within-state sales, and IGST at 5.00% for interstate supplies. Goods are quantified using 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 13019021
Goods classified as Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Resins : Copal under HSN 13019021 are taxed based on transaction type. Local sales attract CGST at 2.50% plus SGST/UTGST at 2.50%. For supplies crossing state boundaries, IGST at 5.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 13 – Lac; Gums, Resins And Other V products.
Who Should Use HSN Code 13019021?
Traders, manufacturers, and importers of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Resins : Copal are required to mention HSN Code 13019021 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
Entering the Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Resins : Copal market requires essential registrations. GST registration enables legal tax collection on HSN 13019021 goods. For cross-border trade in Lac; Gums, Resins And Other V items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Using HSN Code 13019021 accurately for Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Resins : Copal avoids compliance issues and facilitates credit claims. Monitor changes to 2.50%, 2.50%, and 5.00% rates for Chapter 13 – Lac; Gums, Resins And Other V to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 13019021 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 13019021 for accurate classification of Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Resins : Copal.
Can I claim input tax credit on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Resins : Copal purchases?
Yes, registered businesses can claim input tax credit on Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Resins : Copal purchases made under HSN 13019021. 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 13019021?
CGST at 2.50% plus SGST/UTGST at 2.50% applies when Lac; Natural Gums, Resins, Gum-Resins And Oleoresins (For Example, Balsams)Other : Resins : Copal 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 : Resins : Copal 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 : Resins : Copal internationally. For domestic trade within Lac; Gums, Resins And Other V, GST registration is sufficient.
