HSN Code 25240011 provides the tax classification for Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile under Chapter 25 – Mineral Products-Salt; Sulphu of the GST tariff. Businesses dealing in Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile must use this code for proper invoicing and return filing. Applicable taxes include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00%. The recognized unit of measurement is N.a.
HSN Codes under Chapter 25 – Mineral Products-Salt; Sulphu
Below are related HSN codes from Chapter 25 – Mineral Products-Salt; Sulphu for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Mineral Products-Salt; Sulphu... | 25010010 | Salt (Including Table Salt And Denatured Salt) And... | Nil | Nil | Nil |
| Mineral Products-Salt; Sulphu... | 25010020 | Salt (Including Table Salt And Denatured Salt) And... | Nil | Nil | Nil |
| Mineral Products-Salt; Sulphu... | 25010090 | Salt (Including Table Salt And Denatured Salt) And... | Nil | Nil | Nil |
| Mineral Products-Salt; Sulphu... | 25020000 | Unroasted Iron Pyrites | 0.025 | 0.025 | 0.05 |
| Mineral Products-Salt; Sulphu... | 25030010 | Sulphur Of All Kinds, Other Than Sublimed Sulphur,... | 2.50% | 2.50% | 5.00% |
| Mineral Products-Salt; Sulphu... | 25030090 | Sulphur Of All Kinds, Other Than Sublimed Sulphur,... | 0.025 | 0.025 | 0.05 |
| Mineral Products-Salt; Sulphu... | 25041010 | Natural Graphite - In Powder Or In Flakes:Graphite... | 2.50% | 2.50% | 5.00% |
| Mineral Products-Salt; Sulphu... | 25041020 | Natural Graphite - In Powder Or In Flakes:Graphite... | 2.50% | 2.50% | 5.00% |
| Mineral Products-Salt; Sulphu... | 25041090 | Natural Graphite - In Powder Or In Flakes:Other | 0.025 | 0.025 | 0.05 |
| Mineral Products-Salt; Sulphu... | 25049010 | Natural Graphite - Other: Graphite, Micronised | 2.50% | 2.50% | 5.00% |
GST Rates for HSN 25240011
For Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile classified under HSN Code 25240011, 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. N.a is the prescribed measurement for Mineral Products-Salt; Sulphu under Chapter 25.
Who Should Use HSN Code 25240011?
Any business engaged in supplying Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile must apply HSN 25240011 on invoices. The Mineral Products-Salt; Sulphu category under Chapter 25 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Commencing trade in Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile? Secure GST registration to handle taxes on HSN 25240011 classified goods. Businesses with international operations in Mineral Products-Salt; Sulphu need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Proper use of HSN Code 25240011 for Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile streamlines audit processes and supports valid credit claims. Stay updated on 2.50%, 2.50%, and 5.00% rates for Chapter 25 – Mineral Products-Salt; Sulphu through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 25240011?
The standard unit of measurement for Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile under HSN Code 25240011 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 25240011 mandatory for small businesses?
Yes, businesses dealing in Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile must use HSN 25240011 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 25240011 for Mineral Products-Salt; Sulphu goods before invoicing.
Do I need AD Code registration for exporting Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile?
Yes, AD Code registration is required for exporters dealing in Asbestos - Asbestos: Asbestos In Rock Form: Chrysotile under Mineral Products-Salt; Sulphu. This registration links your bank account to process foreign currency payments from overseas buyers.
