Chapter 25 of the GST framework covers Mineral Products-Salt; Sulphu, and HSN Code 25240029 specifically identifies Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : 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 25240029
The taxation of Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Other under HSN Code 25240029 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 25240029?
Traders, manufacturers, and importers of Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Other are required to mention HSN Code 25240029 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
Planning to trade in Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Other? Complete GST registration to legally collect taxes on goods under HSN 25240029. Businesses importing or exporting Mineral Products-Salt; Sulphu 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
Accurate application of HSN Code 25240029 for Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Other enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 25 – Mineral Products-Salt; Sulphu should monitor rate updates (2.50%, 2.50%, 5.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 25240029 used for?
HSN Code 25240029 is used to classify Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Other under Chapter 25 – Mineral Products-Salt; Sulphu for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 25240029?
For Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Other, CGST applies at 2.50% and SGST/UTGST at 2.50% for intrastate supplies. Interstate transactions are taxed under IGST at 5.00%.
Do I need GST registration to trade in Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Other?
Yes, GST registration is mandatory for businesses dealing in Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Other under HSN 25240029. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Asbestos - Asbestos: Fibre Raw, Beaten Or Washed Or Graded To Length : Other?
For importing goods under Mineral Products-Salt; Sulphu, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
