HSN Code 26011111 provides the tax classification for ---Iron Ore Lumps (60% Fe Or More)---60% Fe Or More But Below 62% Fe under Chapter 26 – Ores, Slag And Ash of the GST tariff. Businesses dealing in ---Iron Ore Lumps (60% Fe Or More)---60% Fe Or More But Below 62% Fe must use this code for proper invoicing and return filing. Applicable taxes include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00%. The recognized unit of measurement is N.a.
HSN Codes under Chapter 26 – Ores, Slag And Ash
Below are related HSN codes from Chapter 26 – Ores, Slag And Ash for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Ores, Slag And Ash... | 26011112 | ---Iron Ore Lumps (60% Fe Or More)---62% Fe Or Mor... | 9.00% | 9.00% | 18.00% |
| Ores, Slag And Ash... | 26011119 | ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe | 9.00% | 9.00% | 18.00% |
| Ores, Slag And Ash... | 26011121 | ---Iron Ore Lumps (60% Fe Or More)--- Below 55% Fe | 9.00% | 9.00% | 18.00% |
| Ores, Slag And Ash... | 26011122 | ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or Mo... | 9.00% | 9.00% | 18.00% |
| Ores, Slag And Ash... | 26011129 | ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or Mo... | 9.00% | 9.00% | 18.00% |
| Ores, Slag And Ash... | 26011131 | ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or Mo... | 9.00% | 9.00% | 18.00% |
| Ores, Slag And Ash... | 26011139 | ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe | 9.00% | 9.00% | 18.00% |
| Ores, Slag And Ash... | 26011141 | ---Iron Ore Lumps (60% Fe Or More)--- Below 55% Fe | 9.00% | 9.00% | 18.00% |
| Ores, Slag And Ash... | 26011142 | ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or Mo... | 9.00% | 9.00% | 18.00% |
| Ores, Slag And Ash... | 26011143 | ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or Mo... | 9.00% | 9.00% | 18.00% |
GST Rates for HSN 26011111
Goods classified as ---Iron Ore Lumps (60% Fe Or More)---60% Fe Or More But Below 62% Fe under HSN 26011111 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect N.a as the measurement standard for Chapter 26 – Ores, Slag And Ash products.
Who Should Use HSN Code 26011111?
Traders, manufacturers, and importers of ---Iron Ore Lumps (60% Fe Or More)---60% Fe Or More But Below 62% Fe are required to mention HSN Code 26011111 on all GST documents. This Ores, Slag And Ash classification under Chapter 26 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Starting a business involving ---Iron Ore Lumps (60% Fe Or More)---60% Fe Or More But Below 62% Fe? GST registration is mandatory for collecting and remitting taxes on HSN 26011111 goods. Companies planning international trade within Ores, Slag And Ash 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
Accurate HSN Code 26011111 usage for ---Iron Ore Lumps (60% Fe Or More)---60% Fe Or More But Below 62% Fe simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 26 – Ores, Slag And Ash to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
The standard unit of measurement for ---Iron Ore Lumps (60% Fe Or More)---60% Fe Or More But Below 62% Fe under HSN Code 26011111 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in ---Iron Ore Lumps (60% Fe Or More)---60% Fe Or More But Below 62% Fe must use HSN 26011111 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 26011111 for Ores, Slag And Ash goods before invoicing.
Yes, AD Code registration is required for exporters dealing in ---Iron Ore Lumps (60% Fe Or More)---60% Fe Or More But Below 62% Fe under Ores, Slag And Ash. This registration links your bank account to process foreign currency payments from overseas buyers.