Under the GST regime, HSN Code 26011139 classifies ---Iron Ore Lumps (60% Fe Or More)--- Above 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)--- Above 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... | 26011131 | ---Iron Ore Lumps (60% Fe Or More)--- 62% Fe Or Mo... | 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 26011139
The taxation of ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe under HSN Code 26011139 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use kg. for Ores, Slag And Ash goods under Chapter 26.
Who Should Use HSN Code 26011139?
Manufacturers, wholesalers, retailers, and exporters dealing in ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe are required to mention HSN 26011139 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)--- Above 65% Fe market requires essential registrations. GST registration enables legal tax collection on HSN 26011139 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
Using HSN Code 26011139 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)
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 26011139 for accurate classification of ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe.
Yes, registered businesses can claim input tax credit on ---Iron Ore Lumps (60% Fe Or More)--- Above 65% Fe purchases made under HSN 26011139. 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)--- Above 65% 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)--- Above 65% Fe internationally. For domestic trade within Ores, Slag And Ash, GST registration is sufficient.