HSN Code 26011143 provides the tax classification for ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe under Chapter 26 – Ores, Slag And Ash of the GST tariff. Businesses dealing in ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% 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 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... | 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% |
GST Rates for HSN 26011143
Tax liability for ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe under HSN 26011143 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 kg..
Who Should Use HSN Code 26011143?
Every entity transacting in ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe must quote HSN Code 26011143 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
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 26011143 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
Accurate HSN Code 26011143 usage for ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% 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)
How many digits of HSN Code 26011143 should I mention on invoices?
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 26011143 for accurate classification of ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe.
Can I claim input tax credit on ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe purchases?
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 26011143. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
What is the difference between CGST and IGST for HSN 26011143?
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.
Is Import Export Code necessary for trading ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 60% Fe domestically?
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.
