Chapter 26 of the GST framework covers Ores, Slag And Ash, and HSN Code 26011129 specifically identifies ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe for taxation purposes. This classification is mandatory for all businesses engaged in the supply of ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% for interstate movements. The standard 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... | 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... | 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 26011129
Tax liability for ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe under HSN 26011129 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 26011129?
All businesses supplying ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe are obligated to use HSN 26011129 on tax invoices. From producers to retailers within Ores, Slag And Ash, Chapter 26 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Looking to deal in ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe? GST registration is your first compliance requirement for HSN 26011129 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
Using HSN Code 26011129 accurately for ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% 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)
The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 26011129 for accurate classification of ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe.
Yes, registered businesses can claim input tax credit on ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe purchases made under HSN 26011129. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
CGST at 9.00% plus SGST/UTGST at 9.00% applies when ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe internationally. For domestic trade within Ores, Slag And Ash, GST registration is sufficient.