Within Chapter 25 – Mineral Products-Salt; Sulphu, HSN Code 25240099 serves as the official classification for Asbestos - Asbestos: Other: Other. This code determines tax rates and compliance obligations for all entities trading in Asbestos - Asbestos: Other: Other. CGST applies at 0.025, SGST/UTGST at 0.025 for local transactions, and IGST at 0.05 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 25240099

For Asbestos - Asbestos: Other: Other classified under HSN Code 25240099, tax computation follows GST principles. CGST at 0.025 plus SGST/UTGST at 0.025 covers intrastate sales. IGST at 0.05 applies to interstate transactions. N.a is the prescribed measurement for Mineral Products-Salt; Sulphu under Chapter 25.

Who Should Use HSN Code 25240099?

Every entity transacting in Asbestos - Asbestos: Other: Other must quote HSN Code 25240099 on invoices. This includes traders, distributors, and e-commerce sellers operating under Mineral Products-Salt; Sulphu. Chapter 25 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Starting a business involving Asbestos - Asbestos: Other: Other? GST registration is mandatory for collecting and remitting taxes on HSN 25240099 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 25240099 accurately for Asbestos - Asbestos: Other: Other avoids compliance issues and facilitates credit claims. Monitor changes to 0.025, 0.025, and 0.05 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 25240099 belong to?

HSN Code 25240099 falls under Chapter 25 – Mineral Products-Salt; Sulphu in the GST tariff schedule. This chapter covers various goods including Asbestos - Asbestos: Other: Other.

Is IGST applicable on Asbestos - Asbestos: Other: Other?

Yes, IGST at 0.05 is applicable when Asbestos - Asbestos: Other: Other is supplied interstate or imported. For local sales within a state, CGST at 0.025 and SGST/UTGST at 0.025 apply instead.

Can e-commerce sellers use HSN Code 25240099?

Yes, e-commerce sellers dealing in Asbestos - Asbestos: Other: Other must use HSN 25240099 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.

More HSN codes from Chapter 25

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