HSN Code 26011119 provides the tax classification for ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe under Chapter 26 – Ores, Slag And Ash of the GST tariff. Businesses dealing in ---Iron Ore Lumps (60% Fe Or More)--- Above 65% 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... 26011112 ---Iron Ore Lumps (60% Fe Or More)---62% Fe Or Mor... 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 26011119

The tax structure for ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe under HSN Code 26011119 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in N.a as the standard measurement for goods under Chapter 26 – Ores, Slag And Ash.

Who Should Use HSN Code 26011119?

Every entity transacting in ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe must quote HSN Code 26011119 on invoices. This includes traders, distributors, and e-commerce sellers operating under Ores, Slag And Ash. Chapter 26 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Commencing trade in ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe? Secure GST registration to handle taxes on HSN 26011119 classified goods. Businesses with international operations in Ores, Slag And Ash 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

Using HSN Code 26011119 accurately for ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 26 – Ores, Slag And Ash to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 26011119?

The standard unit of measurement for ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe under HSN Code 26011119 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 26011119 mandatory for small businesses?

Yes, businesses dealing in ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe must use HSN 26011119 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 ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 26011119 for Ores, Slag And Ash goods before invoicing.

Do I need AD Code registration for exporting ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe?

Yes, AD Code registration is required for exporters dealing in ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe under Ores, Slag And Ash. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 26

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