Under the GST regime, HSN Code 27112900 classifies Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other within Chapter 27 – Mineral Fuels, Mineral Oils A. This code is essential for businesses to correctly calculate and remit taxes on Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other. 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 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 27112900

For Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other classified under HSN Code 27112900, tax computation follows GST principles. CGST at 0.09 plus SGST/UTGST at 0.09 covers intrastate sales. IGST at 0.18 applies to interstate transactions. kg. is the prescribed measurement for Mineral Fuels, Mineral Oils A under Chapter 27.

Who Should Use HSN Code 27112900?

Every entity transacting in Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other must quote HSN Code 27112900 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 Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other? GST registration is mandatory for collecting and remitting taxes on HSN 27112900 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

Accurate HSN Code 27112900 usage for Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other simplifies reconciliation and protects against penalties. Keep current with 0.09, 0.09, and 0.18 updates for Chapter 27 – Mineral Fuels, Mineral Oils A to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 27112900 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 27112900 for accurate classification of Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other.

Can I claim input tax credit on Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other purchases?

Yes, registered businesses can claim input tax credit on Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other purchases made under HSN 27112900. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.

What is the difference between CGST and IGST for HSN 27112900?

CGST at 0.09 plus SGST/UTGST at 0.09 applies when Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other domestically?

No, Import Export Code is only required if you plan to import or export Petroleum Gases And Other Gaseous Hydrocarbons - In Gaseous State: Other internationally. For domestic trade within Mineral Fuels, Mineral Oils A, GST registration is sufficient.

More HSN codes from Chapter 27

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