HSN Code 26011112 provides the tax classification for ---Iron Ore Lumps (60% Fe Or More)---62% 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)---62% 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... | 26011111 | ---Iron Ore Lumps (60% Fe Or More)---60% 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 26011112
Tax liability for ---Iron Ore Lumps (60% Fe Or More)---62% Fe Or More But Below 62% Fe under HSN 26011112 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 26 – Ores, Slag And Ash products must use N.a.
Who Should Use HSN Code 26011112?
Manufacturers, wholesalers, retailers, and exporters dealing in ---Iron Ore Lumps (60% Fe Or More)---62% Fe Or More But Below 62% Fe are required to mention HSN 26011112 on all tax documents. This classification under Ores, Slag And Ash applies to businesses of all sizes operating within Chapter 26. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Looking to deal in ---Iron Ore Lumps (60% Fe Or More)---62% Fe Or More But Below 62% Fe? GST registration is your first compliance requirement for HSN 26011112 goods. International traders in Ores, Slag And Ash products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Accurate HSN Code 26011112 usage for ---Iron Ore Lumps (60% Fe Or More)---62% 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)
What is HSN Code 26011112 used for?
HSN Code 26011112 is used to classify ---Iron Ore Lumps (60% Fe Or More)---62% Fe Or More But Below 62% Fe under Chapter 26 – Ores, Slag And Ash 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 26011112?
For ---Iron Ore Lumps (60% Fe Or More)---62% Fe Or More But Below 62% Fe, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.
Do I need GST registration to trade in ---Iron Ore Lumps (60% Fe Or More)---62% Fe Or More But Below 62% Fe?
Yes, GST registration is mandatory for businesses dealing in ---Iron Ore Lumps (60% Fe Or More)---62% Fe Or More But Below 62% Fe under HSN 26011112. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing ---Iron Ore Lumps (60% Fe Or More)---62% Fe Or More But Below 62% Fe?
For importing goods under Ores, Slag And Ash, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
