25240021 is the designated HSN classification for Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Chrysolite, categorized under Chapter 25 – Mineral Products-Salt; Sulphu in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Chrysolite must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Quantities are measured in N.a for billing purposes.
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 25240021
The taxation of Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Chrysolite under HSN Code 25240021 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 25240021?
Traders, manufacturers, and importers of Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Chrysolite are required to mention HSN Code 25240021 on all GST documents. This Mineral Products-Salt; Sulphu classification under Chapter 25 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Starting a business involving Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Chrysolite? GST registration is mandatory for collecting and remitting taxes on HSN 25240021 goods. Companies planning international trade within Mineral Products-Salt; Sulphu 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
Using HSN Code 25240021 accurately for Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Chrysolite avoids compliance issues and facilitates credit claims. Monitor changes to 2.50%, 2.50%, and 5.00% rates for Chapter 25 – Mineral Products-Salt; Sulphu to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 25240021 belong to?
HSN Code 25240021 falls under Chapter 25 – Mineral Products-Salt; Sulphu in the GST tariff schedule. This chapter covers various goods including Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Chrysolite.
Is IGST applicable on Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Chrysolite?
Yes, IGST at 5.00% is applicable when Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Chrysolite is supplied interstate or imported. For local sales within a state, CGST at 2.50% and SGST/UTGST at 2.50% apply instead.
Can e-commerce sellers use HSN Code 25240021?
Yes, e-commerce sellers dealing in Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Chrysolite must use HSN 25240021 on their invoices. This applies to all online platforms operating under Mineral Products-Salt; Sulphu classification.
How do I start an import business for Mineral Products-Salt; Sulphu goods?
To import goods under Mineral Products-Salt; Sulphu, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.