Under the GST regime, HSN Code 27101977 classifies Turbine Lubricating Oil Conforming To Standard Is 1012 within Chapter 27 – Mineral Fuels, Mineral Oils A. This code is essential for businesses to correctly calculate and remit taxes on Turbine Lubricating Oil Conforming To Standard Is 1012. 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 27 – Mineral Fuels, Mineral Oils A
Below are related HSN codes from Chapter 27 – Mineral Fuels, Mineral Oils A for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Mineral Fuels, Mineral Oils A... | 27011100 | Coal; Briquettes, Ovoids And Similar Solid Fuels ... | 2.50% | 2.50% | 5.00% |
| Mineral Fuels, Mineral Oils A... | 27011200 | Coal; Briquettes, Ovoids And Similar Solid Fuels ... | 2.50% | 2.50% | 5.00% |
| Mineral Fuels, Mineral Oils A... | 27011210 | Coal; Briquettes, Ovoids And Similar Solid Fuels M... | 2.50% | 2.50% | 5.00% |
| Mineral Fuels, Mineral Oils A... | 27011290 | Coal; Briquettes, Ovoids And Similar Solid Fuels M... | 0.025 | 0.025 | 0.05 |
| Mineral Fuels, Mineral Oils A... | 27011910 | Coal; Briquettes, Ovoids And Similar Solid Fuels ... | 2.50% | 2.50% | 5.00% |
| Mineral Fuels, Mineral Oils A... | 27011920 | Coal; Briquettes, Ovoids And Similar Solid Fuels ... | 2.50% | 2.50% | 5.00% |
| Mineral Fuels, Mineral Oils A... | 27011990 | Coal; Briquettes, Ovoids And Similar Solid Fuels ... | 0.025 | 0.025 | 0.05 |
| Mineral Fuels, Mineral Oils A... | 27012010 | Coal; Briquettes, Ovoids And Similar Solid Fuels ... | 2.50% | 2.50% | 5.00% |
| Mineral Fuels, Mineral Oils A... | 27012090 | Coal; Briquettes, Ovoids And Similar Solid Fuels ... | 0.025 | 0.025 | 0.05 |
| Mineral Fuels, Mineral Oils A... | 27021000 | Lignite, Whether Or Not Agglomerated, Excluding Je... | 0.025 | 0.025 | 0.05 |
GST Rates for HSN 27101977
The taxation of Turbine Lubricating Oil Conforming To Standard Is 1012 under HSN Code 27101977 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use kg. for Mineral Fuels, Mineral Oils A goods under Chapter 27.
Who Should Use HSN Code 27101977?
Every entity transacting in Turbine Lubricating Oil Conforming To Standard Is 1012 must quote HSN Code 27101977 on invoices. This includes traders, distributors, and e-commerce sellers operating under Mineral Fuels, Mineral Oils A. Chapter 27 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving Turbine Lubricating Oil Conforming To Standard Is 1012? GST registration is mandatory for collecting and remitting taxes on HSN 27101977 goods. Companies planning international trade within Mineral Fuels, Mineral Oils A must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Correct HSN Code 27101977 application for Turbine Lubricating Oil Conforming To Standard Is 1012 ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 27 – Mineral Fuels, Mineral Oils A through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 27101977 should I mention on invoices?
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 27101977 for accurate classification of Turbine Lubricating Oil Conforming To Standard Is 1012.
Can I claim input tax credit on Turbine Lubricating Oil Conforming To Standard Is 1012 purchases?
Yes, registered businesses can claim input tax credit on Turbine Lubricating Oil Conforming To Standard Is 1012 purchases made under HSN 27101977. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
What is the difference between CGST and IGST for HSN 27101977?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Turbine Lubricating Oil Conforming To Standard Is 1012 is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Turbine Lubricating Oil Conforming To Standard Is 1012 domestically?
No, Import Export Code is only required if you plan to import or export Turbine Lubricating Oil Conforming To Standard Is 1012 internationally. For domestic trade within Mineral Fuels, Mineral Oils A, GST registration is sufficient.
