Under the GST regime, HSN Code 26060020 classifies Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined within Chapter 26 – Ores, Slag And Ash. This code is essential for businesses to correctly calculate and remit taxes on Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined. 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... | 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 26060020
Goods classified as Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined under HSN 26060020 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 26060020?
Every entity transacting in Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined must quote HSN Code 26060020 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
Entering the Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined market requires essential registrations. GST registration enables legal tax collection on HSN 26060020 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 application of HSN Code 26060020 for Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 26 – Ores, Slag And Ash should monitor rate updates (9.00%, 9.00%, 18.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 26060020?
The standard unit of measurement for Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined under HSN Code 26060020 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 26060020 mandatory for small businesses?
Yes, businesses dealing in Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined must use HSN 26060020 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 Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 26060020 for Ores, Slag And Ash goods before invoicing.
Do I need AD Code registration for exporting Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined?
Yes, AD Code registration is required for exporters dealing in Aluminium Ores And Concentrates - Aluminium Ores And Concentrates: Bauxite (Natural), Calcined under Ores, Slag And Ash. This registration links your bank account to process foreign currency payments from overseas buyers.
