24012040 is the designated HSN classification for Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco, categorized under Chapter 24 – Tobacco And Manufactured Toba in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 14.00%, SGST/UTGST at 14.00% for local transactions, and IGST at 28.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
HSN Codes under Chapter 24 – Tobacco And Manufactured Toba
Below are related HSN codes from Chapter 24 – Tobacco And Manufactured Toba for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Tobacco And Manufactured Toba... | 24011010 | Unmanufactured Tobacco; Tobacco Refuse - Tobacco, ... | 2.5%/14% | 2.5%/14% | 5/28% |
| Tobacco And Manufactured Toba... | 24011020 | Unmanufactured Tobacco; Tobacco Refuse - Tobacco, ... | 2.5%/14% | 2.5%/14% | 5/28% |
| Tobacco And Manufactured Toba... | 24011030 | Unmanufactured Tobacco; Tobacco Refuse - Tobacco, ... | 2.5%/14% | 2.5%/14% | 5/28% |
| Tobacco And Manufactured Toba... | 24011040 | Unmanufactured Tobacco; Tobacco Refuse - Tobacco, ... | 14.00% | 14.00% | 28.00% |
| Tobacco And Manufactured Toba... | 24011050 | Unmanufactured Tobacco; Tobacco Refuse - Tobacco, ... | 14.00% | 14.00% | 28.00% |
| Tobacco And Manufactured Toba... | 24011060 | Unmanufactured Tobacco; Tobacco Refuse - Tobacco, ... | 14.00% | 14.00% | 28.00% |
| Tobacco And Manufactured Toba... | 24011070 | Unmanufactured Tobacco; Tobacco Refuse - Tobacco, ... | 14.00% | 14.00% | 28.00% |
| Tobacco And Manufactured Toba... | 24011080 | Unmanufactured Tobacco; Tobacco Refuse - Tobacco, ... | 14.00% | 14.00% | 28.00% |
| Tobacco And Manufactured Toba... | 24011090 | Unmanufactured Tobacco; Tobacco Refuse - Tobacco, ... | 0.14 | 0.14 | 0.28 |
| Tobacco And Manufactured Toba... | 24012010 | Unmanufactured Tobacco; Tobacco Refuse - Tobacco, ... | 14.00% | 14.00% | 28.00% |
GST Rates for HSN 24012040
The tax structure for Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco under HSN Code 24012040 follows a dual taxation model. CGST is levied at 14.00% and SGST/UTGST at 14.00% for intrastate sales. Interstate transactions attract IGST at 28.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 24 – Tobacco And Manufactured Toba.
Who Should Use HSN Code 24012040?
Traders, manufacturers, and importers of Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco are required to mention HSN Code 24012040 on all GST documents. This Tobacco And Manufactured Toba classification under Chapter 24 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Planning to trade in Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco? Complete GST registration to legally collect taxes on goods under HSN 24012040. Businesses importing or exporting Tobacco And Manufactured Toba products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Correct HSN Code 24012040 application for Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco ensures smooth input credit utilization and assessment processes. Track 14.00%, 14.00%, and 28.00% rate changes for Chapter 24 – Tobacco And Manufactured Toba through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 24012040?
Official GST rates for Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco under HSN 24012040 are published in government notifications and the CBIC website. Current rates are CGST 14.00%, SGST/UTGST 14.00%, and IGST 28.00%.
Do online marketplaces need to mention HSN 24012040?
Yes, online marketplaces and e-commerce operators selling Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco must mention HSN Code 24012040 on invoices. This Tobacco And Manufactured Toba classification applies to all sales channels under Chapter 24.
What documents are needed for company registration to trade in Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco under HSN 24012040.
How often do GST rates change for Tobacco And Manufactured Toba products?
GST rates for Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Burley Tobacco and other Tobacco And Manufactured Toba products under Chapter 24 may change through GST Council recommendations. Monitor official notifications to stay updated on 14.00%, 14.00%, and 28.00% revisions.