Chapter 26 of the GST framework covers Ores, Slag And Ash, and HSN Code 26140020 specifically identifies Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground) for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground). Tax rates applicable include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00% for interstate movements. The standard unit of measurement is 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 26140020

The taxation of Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground) under HSN Code 26140020 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use kg. for Ores, Slag And Ash goods under Chapter 26.

Who Should Use HSN Code 26140020?

Traders, manufacturers, and importers of Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground) are required to mention HSN Code 26140020 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

Commencing trade in Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground)? Secure GST registration to handle taxes on HSN 26140020 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

Proper use of HSN Code 26140020 for Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground) streamlines audit processes and supports valid credit claims. Stay updated on 2.50%, 2.50%, and 5.00% rates for Chapter 26 – Ores, Slag And Ash through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 26140020?

The standard unit of measurement for Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground) under HSN Code 26140020 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 26140020 mandatory for small businesses?

Yes, businesses dealing in Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground) must use HSN 26140020 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 Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground)?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 26140020 for Ores, Slag And Ash goods before invoicing.

Do I need AD Code registration for exporting Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground)?

Yes, AD Code registration is required for exporters dealing in Titanium Ores And Concen Trates - Titanium Ores And Concentrates: Limenite, Upgraded (Beneficiated Limenite Including Limenite Ground) under Ores, Slag And Ash. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 26

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