Under the GST regime, HSN Code 26011131 classifies ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or More But Below 65% Fe within Chapter 26 – Ores, Slag And Ash. This code is essential for businesses to correctly calculate and remit taxes on ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or More But Below 65% Fe. The applicable rates are CGST at 9.00%, SGST/UTGST at 9.00% for within-state sales, and IGST at 18.00% for interstate supplies. Goods are quantified using kg..
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... | 26011129 | ---Iron Ore Lumps (60% Fe Or More)--- 58% 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 26011131
The tax structure for ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or More But Below 65% Fe under HSN Code 26011131 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 kg. as the standard measurement for goods under Chapter 26 – Ores, Slag And Ash.
Who Should Use HSN Code 26011131?
Traders, manufacturers, and importers of ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or More But Below 65% Fe are required to mention HSN Code 26011131 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
Entering the ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or More But Below 65% Fe market requires essential registrations. GST registration enables legal tax collection on HSN 26011131 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
Accurate HSN Code 26011131 usage for ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or More But Below 65% 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 the unit of measurement for HSN 26011131?
The standard unit of measurement for ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or More But Below 65% Fe under HSN Code 26011131 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 26011131 mandatory for small businesses?
Yes, businesses dealing in ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or More But Below 65% Fe must use HSN 26011131 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)--- 62% Fe Or More But Below 65% Fe?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 26011131 for Ores, Slag And Ash goods before invoicing.
Do I need AD Code registration for exporting ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or More But Below 65% Fe?
Yes, AD Code registration is required for exporters dealing in ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or More But Below 65% Fe under Ores, Slag And Ash. This registration links your bank account to process foreign currency payments from overseas buyers.
