HSN Code 24012070 provides the tax classification for Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot under Chapter 24 – Tobacco And Manufactured Toba of the GST tariff. Businesses dealing in Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot must use this code for proper invoicing and return filing. Applicable taxes include CGST at 14.00%, SGST/UTGST at 14.00%, and IGST at 28.00%. The recognized unit of measurement is kg..
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 24012070
For Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot classified under HSN Code 24012070, tax computation follows GST principles. CGST at 14.00% plus SGST/UTGST at 14.00% covers intrastate sales. IGST at 28.00% applies to interstate transactions. kg. is the prescribed measurement for Tobacco And Manufactured Toba under Chapter 24.
Who Should Use HSN Code 24012070?
Manufacturers, wholesalers, retailers, and exporters dealing in Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot are required to mention HSN 24012070 on all tax documents. This classification under Tobacco And Manufactured Toba applies to businesses of all sizes operating within Chapter 24. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Starting a business involving Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot? GST registration is mandatory for collecting and remitting taxes on HSN 24012070 goods. Companies planning international trade within Tobacco And Manufactured Toba 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
Correct HSN Code 24012070 application for Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot 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)
How many digits of HSN Code 24012070 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 24012070 for accurate classification of Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot.
Can I claim input tax credit on Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot purchases?
Yes, registered businesses can claim input tax credit on Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot purchases made under HSN 24012070. Ensure your supplier mentions correct HSN code and GST rates (14.00%, 14.00%) on the invoice.
What is the difference between CGST and IGST for HSN 24012070?
CGST at 14.00% plus SGST/UTGST at 14.00% applies when Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot is sold within the same state. IGST at 28.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot domestically?
No, Import Export Code is only required if you plan to import or export Unmanufactured Tobacco; Tobacco Refuse - Tobacco, Partly Or Wholly Stemmed Or Stripped : Tobacco For Manufacture Of Cigar And Cheroot internationally. For domestic trade within Tobacco And Manufactured Toba, GST registration is sufficient.