Within Chapter 25 – Mineral Products-Salt; Sulphu, HSN Code 25240039 serves as the official classification for Asbestos - Asbestos: Flakes Or Powder: Other. This code determines tax rates and compliance obligations for all entities trading in Asbestos - Asbestos: Flakes Or Powder: Other. CGST applies at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Measurement is standardized in 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 25240039
Tax liability for Asbestos - Asbestos: Flakes Or Powder: Other under HSN 25240039 varies by transaction geography. CGST at 2.50% combined with SGST/UTGST at 2.50% applies to local sales. Interstate movement attracts IGST at 5.00%. All billing for Chapter 25 – Mineral Products-Salt; Sulphu products must use N.a.
Who Should Use HSN Code 25240039?
Any business engaged in supplying Asbestos - Asbestos: Flakes Or Powder: Other must apply HSN 25240039 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: Flakes Or Powder: Other? Secure GST registration to handle taxes on HSN 25240039 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
Accurate application of HSN Code 25240039 for Asbestos - Asbestos: Flakes Or Powder: 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 the unit of measurement for HSN 25240039?
The standard unit of measurement for Asbestos - Asbestos: Flakes Or Powder: Other under HSN Code 25240039 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 25240039 mandatory for small businesses?
Yes, businesses dealing in Asbestos - Asbestos: Flakes Or Powder: Other must use HSN 25240039 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: Flakes Or Powder: Other?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 25240039 for Mineral Products-Salt; Sulphu goods before invoicing.
Do I need AD Code registration for exporting Asbestos - Asbestos: Flakes Or Powder: Other?
Yes, AD Code registration is required for exporters dealing in Asbestos - Asbestos: Flakes Or Powder: Other under Mineral Products-Salt; Sulphu. This registration links your bank account to process foreign currency payments from overseas buyers.
