Under the GST regime, HSN Code 26012000 classifies Iron Ores And Concentrates, Including Roasted Iron Pyrites Roasted Iron Pyrites within Chapter 26 – Ores, Slag And Ash. This code is essential for businesses to correctly calculate and remit taxes on Iron Ores And Concentrates, Including Roasted Iron Pyrites Roasted Iron Pyrites. The applicable rates are CGST at 0.09, SGST/UTGST at 0.09 for within-state sales, and IGST at 0.18 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... | 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 26012000
For Iron Ores And Concentrates, Including Roasted Iron Pyrites Roasted Iron Pyrites classified under HSN Code 26012000, tax computation follows GST principles. CGST at 0.09 plus SGST/UTGST at 0.09 covers intrastate sales. IGST at 0.18 applies to interstate transactions. kg. is the prescribed measurement for Ores, Slag And Ash under Chapter 26.
Who Should Use HSN Code 26012000?
Manufacturers, wholesalers, retailers, and exporters dealing in Iron Ores And Concentrates, Including Roasted Iron Pyrites Roasted Iron Pyrites are required to mention HSN 26012000 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 Ores And Concentrates, Including Roasted Iron Pyrites Roasted Iron Pyrites market requires essential registrations. GST registration enables legal tax collection on HSN 26012000 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
Proper use of HSN Code 26012000 for Iron Ores And Concentrates, Including Roasted Iron Pyrites Roasted Iron Pyrites streamlines audit processes and supports valid credit claims. Stay updated on 0.09, 0.09, and 0.18 rates for Chapter 26 – Ores, Slag And Ash through government circulars to ensure uninterrupted compliance.
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 26012000 for accurate classification of Iron Ores And Concentrates, Including Roasted Iron Pyrites Roasted Iron Pyrites.
Yes, registered businesses can claim input tax credit on Iron Ores And Concentrates, Including Roasted Iron Pyrites Roasted Iron Pyrites purchases made under HSN 26012000. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Iron Ores And Concentrates, Including Roasted Iron Pyrites Roasted Iron Pyrites is sold within the same state. IGST at 0.18 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 Ores And Concentrates, Including Roasted Iron Pyrites Roasted Iron Pyrites internationally. For domestic trade within Ores, Slag And Ash, GST registration is sufficient.