Within Chapter 27 – Mineral Fuels, Mineral Oils A, HSN Code 27122000 serves as the official classification for Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil. This code determines tax rates and compliance obligations for all entities trading in Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil. CGST applies at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Measurement is standardized in 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 27122000
The taxation of Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil under HSN Code 27122000 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 27122000?
Any business engaged in supplying Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil must apply HSN 27122000 on invoices. The Mineral Fuels, Mineral Oils A category under Chapter 27 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Entering the Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil market requires essential registrations. GST registration enables legal tax collection on HSN 27122000 goods. For cross-border trade in Mineral Fuels, Mineral Oils A items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Accurate HSN Code 27122000 usage for Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 27 – Mineral Fuels, Mineral Oils A to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 27122000 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 27122000 for accurate classification of Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil.
Can I claim input tax credit on Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil purchases?
Yes, registered businesses can claim input tax credit on Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil purchases made under HSN 27122000. 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 27122000?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil 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 Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil domestically?
No, Import Export Code is only required if you plan to import or export Paraffin Wax Containing By Weight Less Than .75 Percent Of Oil internationally. For domestic trade within Mineral Fuels, Mineral Oils A, GST registration is sufficient.
