Within Chapter 26 – Ores, Slag And Ash, HSN Code 26011149 serves as the official classification for ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 62% Fe. This code determines tax rates and compliance obligations for all entities trading in ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 62% 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 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 26011149
Goods classified as ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 62% Fe under HSN 26011149 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 26 – Ores, Slag And Ash products.
Who Should Use HSN Code 26011149?
All businesses supplying ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 62% Fe are obligated to use HSN 26011149 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 62% Fe? GST registration is your first compliance requirement for HSN 26011149 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 26011149 accurately for ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 62% 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 standard unit of measurement for ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 62% Fe under HSN Code 26011149 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 62% Fe must use HSN 26011149 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 26011149 for Ores, Slag And Ash goods before invoicing.
Yes, AD Code registration is required for exporters dealing in ---Iron Ore Lumps (60% Fe Or More)--- 58% Fe Or More But Below 62% Fe under Ores, Slag And Ash. This registration links your bank account to process foreign currency payments from overseas buyers.