HSN Code 29026000 provides the tax classification for Cyclic Hydrocarbons - Ethylbenzene under Chapter 29 – Elements Or Of Isotopes of the GST tariff. Businesses dealing in Cyclic Hydrocarbons - Ethylbenzene must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18. The recognized 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... 29012990 Acyclic Hydrocarbons - Unsaturated :-Other : Other 0.09 0.09 0.18

GST Rates for HSN 29026000

For Cyclic Hydrocarbons - Ethylbenzene classified under HSN Code 29026000, 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 Elements Or Of Isotopes under Chapter 29.

Who Should Use HSN Code 29026000?

Manufacturers, wholesalers, retailers, and exporters dealing in Cyclic Hydrocarbons - Ethylbenzene are required to mention HSN 29026000 on all tax documents. This classification under Elements Or Of Isotopes applies to businesses of all sizes operating within Chapter 29. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Entering the Cyclic Hydrocarbons - Ethylbenzene market requires essential registrations. GST registration enables legal tax collection on HSN 29026000 goods. For cross-border trade in Elements Or Of Isotopes 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 application of HSN Code 29026000 for Cyclic Hydrocarbons - Ethylbenzene enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 29 – Elements Or Of Isotopes should monitor rate updates (0.09, 0.09, 0.18) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 29026000 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 29026000 for accurate classification of Cyclic Hydrocarbons - Ethylbenzene.

Can I claim input tax credit on Cyclic Hydrocarbons - Ethylbenzene purchases?

Yes, registered businesses can claim input tax credit on Cyclic Hydrocarbons - Ethylbenzene purchases made under HSN 29026000. 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 29026000?

CGST at 0.09 plus SGST/UTGST at 0.09 applies when Cyclic Hydrocarbons - Ethylbenzene 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 Cyclic Hydrocarbons - Ethylbenzene domestically?

No, Import Export Code is only required if you plan to import or export Cyclic Hydrocarbons - Ethylbenzene internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.

More HSN codes from Chapter 29

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