Chapter 29 of the GST framework covers Elements Or Of Isotopes, and HSN Code 29012990 specifically identifies Acyclic Hydrocarbons - Unsaturated :-Other : Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Acyclic Hydrocarbons - Unsaturated :-Other : Other. Tax rates applicable include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18 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... | 29012920 | Acyclic Hydrocarbons - Unsaturated :-Other : Hepte... | 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... | 29021100 | Cyclic Hydrocarbons - Cyclanes, Cyclenes And Cyclo... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 29012990
The tax structure for Acyclic Hydrocarbons - Unsaturated :-Other : Other under HSN Code 29012990 follows a dual taxation model. CGST is levied at 0.09 and SGST/UTGST at 0.09 for intrastate sales. Interstate transactions attract IGST at 0.18. 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 29012990?
Traders, manufacturers, and importers of Acyclic Hydrocarbons - Unsaturated :-Other : Other are required to mention HSN Code 29012990 on all GST documents. This Elements Or Of Isotopes classification under Chapter 29 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Commencing trade in Acyclic Hydrocarbons - Unsaturated :-Other : Other? Secure GST registration to handle taxes on HSN 29012990 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
Using HSN Code 29012990 accurately for Acyclic Hydrocarbons - Unsaturated :-Other : Other avoids compliance issues and facilitates credit claims. Monitor changes to 0.09, 0.09, and 0.18 rates for Chapter 29 – Elements Or Of Isotopes to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
The standard unit of measurement for Acyclic Hydrocarbons - Unsaturated :-Other : Other under HSN Code 29012990 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Acyclic Hydrocarbons - Unsaturated :-Other : Other must use HSN 29012990 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 29012990 for Elements Or Of Isotopes goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Acyclic Hydrocarbons - Unsaturated :-Other : Other under Elements Or Of Isotopes. This registration links your bank account to process foreign currency payments from overseas buyers.