Chapter 29 of the GST framework covers Elements Or Of Isotopes, and HSN Code 29012920 specifically identifies Acyclic Hydrocarbons - Unsaturated :-Other : Heptene (Heptylene) for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Acyclic Hydrocarbons - Unsaturated :-Other : Heptene (Heptylene). Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% for interstate movements. The standard unit of measurement is kg..

HSN Codes under Chapter 29 – Elements Or Of Isotopes

Below are related HSN codes from Chapter 29 – Elements Or Of Isotopes for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Elements Or Of Isotopes... 29011000 Acyclic Hydrocarbons - Saturated 0.09 0.09 0.18
Elements Or Of Isotopes... 29012100 Acyclic Hydrocarbons - Unsaturated : Ethylene 0.09 0.09 0.18
Elements Or Of Isotopes... 29012200 Acyclic Hydrocarbons - Unsaturated : Propene (Prop... 0.09 0.09 0.18
Elements Or Of Isotopes... 29012300 Acyclic Hydrocarbons - Unsaturated : Butene (Butyl... 0.09 0.09 0.18
Elements Or Of Isotopes... 29012400 Acyclic Hydrocarbons - Unsaturated : Buta-1,3-Dien... 0.09 0.09 0.18
Elements Or Of Isotopes... 29012910 Acyclic Hydrocarbons - Unsaturated :-Other : Acety... 9.00% 9.00% 18.00%
Elements Or Of Isotopes... 29012930 Dihydromyrcene 9.00% 9.00% 18.00%
Elements Or Of Isotopes... 29012940 Tetradecene 9.00% 9.00% 18.00%
Elements Or Of Isotopes... 29012990 Acyclic Hydrocarbons - Unsaturated :-Other : Other 0.09 0.09 0.18
Elements Or Of Isotopes... 29021100 Cyclic Hydrocarbons - Cyclanes, Cyclenes And Cyclo... 0.09 0.09 0.18

GST Rates for HSN 29012920

The tax structure for Acyclic Hydrocarbons - Unsaturated :-Other : Heptene (Heptylene) under HSN Code 29012920 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 29 – Elements Or Of Isotopes.

Who Should Use HSN Code 29012920?

All businesses supplying Acyclic Hydrocarbons - Unsaturated :-Other : Heptene (Heptylene) are obligated to use HSN 29012920 on tax invoices. From producers to retailers within Elements Or Of Isotopes, Chapter 29 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Commencing trade in Acyclic Hydrocarbons - Unsaturated :-Other : Heptene (Heptylene)? Secure GST registration to handle taxes on HSN 29012920 classified goods. Businesses with international operations in Elements Or Of Isotopes 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 29012920 usage for Acyclic Hydrocarbons - Unsaturated :-Other : Heptene (Heptylene) simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 29 – Elements Or Of Isotopes to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 29012920 belong to?

HSN Code 29012920 falls under Chapter 29 – Elements Or Of Isotopes in the GST tariff schedule. This chapter covers various goods including Acyclic Hydrocarbons - Unsaturated :-Other : Heptene (Heptylene).

Is IGST applicable on Acyclic Hydrocarbons - Unsaturated :-Other : Heptene (Heptylene)?

Yes, IGST at 18.00% is applicable when Acyclic Hydrocarbons - Unsaturated :-Other : Heptene (Heptylene) is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.

Can e-commerce sellers use HSN Code 29012920?

Yes, e-commerce sellers dealing in Acyclic Hydrocarbons - Unsaturated :-Other : Heptene (Heptylene) must use HSN 29012920 on their invoices. This applies to all online platforms operating under Elements Or Of Isotopes classification.

How do I start an import business for Elements Or Of Isotopes goods?

To import goods under Elements Or Of Isotopes, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.

More HSN codes from Chapter 29

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