26122000 is the designated HSN classification for Uranium Or Thorium Ores And Concentrates - Thorium Ores And Concentrates, categorized under Chapter 26 – Ores, Slag And Ash in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Uranium Or Thorium Ores And Concentrates - Thorium Ores And Concentrates must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.025, SGST/UTGST at 0.025 for local transactions, and IGST at 0.05 for interstate supplies. Quantities are measured in kg. for billing purposes.
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 26122000
The tax structure for Uranium Or Thorium Ores And Concentrates - Thorium Ores And Concentrates under HSN Code 26122000 follows a dual taxation model. CGST is levied at 0.025 and SGST/UTGST at 0.025 for intrastate sales. Interstate transactions attract IGST at 0.05. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 26 – Ores, Slag And Ash.
Who Should Use HSN Code 26122000?
Manufacturers, wholesalers, retailers, and exporters dealing in Uranium Or Thorium Ores And Concentrates - Thorium Ores And Concentrates are required to mention HSN 26122000 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
Commencing trade in Uranium Or Thorium Ores And Concentrates - Thorium Ores And Concentrates? Secure GST registration to handle taxes on HSN 26122000 classified goods. Businesses with international operations in Ores, Slag And Ash need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Accurate HSN Code 26122000 usage for Uranium Or Thorium Ores And Concentrates - Thorium Ores And Concentrates simplifies reconciliation and protects against penalties. Keep current with 0.025, 0.025, and 0.05 updates for Chapter 26 – Ores, Slag And Ash to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
HSN Code 26122000 is used to classify Uranium Or Thorium Ores And Concentrates - Thorium 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.
For Uranium Or Thorium Ores And Concentrates - Thorium Ores And Concentrates, CGST applies at 0.025 and SGST/UTGST at 0.025 for intrastate supplies. Interstate transactions are taxed under IGST at 0.05.
Yes, GST registration is mandatory for businesses dealing in Uranium Or Thorium Ores And Concentrates - Thorium Ores And Concentrates under HSN 26122000. This enables you to legally collect taxes and claim input credits on purchases.
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.