Under the GST regime, HSN Code 26070000 classifies Lead Ores And Concentrates within Chapter 26 – Ores, Slag And Ash. This code is essential for businesses to correctly calculate and remit taxes on Lead Ores And Concentrates. 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 0.

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 26070000

The taxation of Lead Ores And Concentrates under HSN Code 26070000 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use 0 for Ores, Slag And Ash goods under Chapter 26.

Who Should Use HSN Code 26070000?

Traders, manufacturers, and importers of Lead Ores And Concentrates are required to mention HSN Code 26070000 on all GST documents. This Ores, Slag And Ash classification under Chapter 26 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Looking to deal in Lead Ores And Concentrates? GST registration is your first compliance requirement for HSN 26070000 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 26070000 accurately for Lead Ores And Concentrates avoids compliance issues and facilitates credit claims. Monitor changes to 0.09, 0.09, and 0.18 rates for Chapter 26 – Ores, Slag And Ash to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is HSN Code 26070000 used for?

HSN Code 26070000 is used to classify Lead Ores And Concentrates under Chapter 26 – Ores, Slag And Ash for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 26070000?

For Lead Ores And Concentrates, CGST applies at 0.09 and SGST/UTGST at 0.09 for intrastate supplies. Interstate transactions are taxed under IGST at 0.18.

Do I need GST registration to trade in Lead Ores And Concentrates?

Yes, GST registration is mandatory for businesses dealing in Lead Ores And Concentrates under HSN 26070000. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Lead Ores And Concentrates?

For importing goods under Ores, Slag And Ash, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 26

Back to Top