Chapter 25 of the GST framework covers Mineral Products-Salt; Sulphu, and HSN Code 25240019 specifically identifies Asbestos - Asbestos: Asbestos In Rock Form: Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Asbestos - Asbestos: Asbestos In Rock Form: Other. 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 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 25240019
The taxation of Asbestos - Asbestos: Asbestos In Rock Form: Other under HSN Code 25240019 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use N.a for Mineral Products-Salt; Sulphu goods under Chapter 25.
Who Should Use HSN Code 25240019?
Manufacturers, wholesalers, retailers, and exporters dealing in Asbestos - Asbestos: Asbestos In Rock Form: Other are required to mention HSN 25240019 on all tax documents. This classification under Mineral Products-Salt; Sulphu applies to businesses of all sizes operating within Chapter 25. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Commencing trade in Asbestos - Asbestos: Asbestos In Rock Form: Other? Secure GST registration to handle taxes on HSN 25240019 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
Correct HSN Code 25240019 application for Asbestos - Asbestos: Asbestos In Rock Form: Other ensures smooth input credit utilization and assessment processes. Track 2.50%, 2.50%, and 5.00% rate changes for Chapter 25 – Mineral Products-Salt; Sulphu through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 25240019?
The standard unit of measurement for Asbestos - Asbestos: Asbestos In Rock Form: Other under HSN Code 25240019 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 25240019 mandatory for small businesses?
Yes, businesses dealing in Asbestos - Asbestos: Asbestos In Rock Form: Other must use HSN 25240019 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: Other?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 25240019 for Mineral Products-Salt; Sulphu goods before invoicing.
Do I need AD Code registration for exporting Asbestos - Asbestos: Asbestos In Rock Form: Other?
Yes, AD Code registration is required for exporters dealing in Asbestos - Asbestos: Asbestos In Rock Form: Other under Mineral Products-Salt; Sulphu. This registration links your bank account to process foreign currency payments from overseas buyers.
