HSN Code 29029050 provides the tax classification for Cyclic Hydrocarbons - Other :Isobutyl Benzene under Chapter 29 – Elements Or Of Isotopes of the GST tariff. Businesses dealing in Cyclic Hydrocarbons - Other :Isobutyl Benzene must use this code for proper invoicing and return filing. Applicable taxes include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00%. 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 29029050

For Cyclic Hydrocarbons - Other :Isobutyl Benzene classified under HSN Code 29029050, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Elements Or Of Isotopes under Chapter 29.

Who Should Use HSN Code 29029050?

Any business engaged in supplying Cyclic Hydrocarbons - Other :Isobutyl Benzene must apply HSN 29029050 on invoices. The Elements Or Of Isotopes category under Chapter 29 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Planning to trade in Cyclic Hydrocarbons - Other :Isobutyl Benzene? Complete GST registration to legally collect taxes on goods under HSN 29029050. Businesses importing or exporting Elements Or Of Isotopes products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.

Why Correct Classification Matters

Using HSN Code 29029050 accurately for Cyclic Hydrocarbons - Other :Isobutyl Benzene avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 29 – Elements Or Of Isotopes to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is HSN Code 29029050 used for?

HSN Code 29029050 is used to classify Cyclic Hydrocarbons - Other :Isobutyl Benzene under Chapter 29 – Elements Or Of Isotopes for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 29029050?

For Cyclic Hydrocarbons - Other :Isobutyl Benzene, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.

Do I need GST registration to trade in Cyclic Hydrocarbons - Other :Isobutyl Benzene?

Yes, GST registration is mandatory for businesses dealing in Cyclic Hydrocarbons - Other :Isobutyl Benzene under HSN 29029050. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Cyclic Hydrocarbons - Other :Isobutyl Benzene?

For importing goods under Elements Or Of Isotopes, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 29

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