Within Chapter 26 – Ores, Slag And Ash, HSN Code 26011122 serves as the official classification for ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or More But Below 58% Fe. This code determines tax rates and compliance obligations for all entities trading in ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or More But Below 58% Fe. CGST applies at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Measurement is standardized in 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... 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... 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 26011122

Tax liability for ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or More But Below 58% Fe under HSN 26011122 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 26011122?

Manufacturers, wholesalers, retailers, and exporters dealing in ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or More But Below 58% Fe are required to mention HSN 26011122 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

Entering the ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or More But Below 58% Fe market requires essential registrations. GST registration enables legal tax collection on HSN 26011122 goods. For cross-border trade in Ores, Slag And Ash items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Correct HSN Code 26011122 application for ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or More But Below 58% Fe ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 26 – Ores, Slag And Ash through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 26011122 used for?

HSN Code 26011122 is used to classify ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or More But Below 58% 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 26011122?

For ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or More But Below 58% 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)--- 55% Fe Or More But Below 58% Fe?

Yes, GST registration is mandatory for businesses dealing in ---Iron Ore Lumps (60% Fe Or More)--- 55% Fe Or More But Below 58% Fe under HSN 26011122. 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)--- 55% Fe Or More But Below 58% 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.

More HSN codes from Chapter 26

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