Under the GST regime, HSN Code 29043400 classifies Lithium Perfluorooctane Sulphonate within Chapter 29 – Elements Or Of Isotopes. This code is essential for businesses to correctly calculate and remit taxes on Lithium Perfluorooctane Sulphonate. The applicable rates are CGST at 0.09, SGST/UTGST at 0.09 for within-state sales, and IGST at 0.18 for interstate supplies. Goods are quantified using 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 29043400

The taxation of Lithium Perfluorooctane Sulphonate under HSN Code 29043400 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use kg. for Elements Or Of Isotopes goods under Chapter 29.

Who Should Use HSN Code 29043400?

All businesses supplying Lithium Perfluorooctane Sulphonate are obligated to use HSN 29043400 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

Looking to deal in Lithium Perfluorooctane Sulphonate? GST registration is your first compliance requirement for HSN 29043400 goods. International traders in Elements Or Of Isotopes products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.

Why Correct Classification Matters

Using HSN Code 29043400 accurately for Lithium Perfluorooctane Sulphonate 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)

What is the unit of measurement for HSN 29043400?

The standard unit of measurement for Lithium Perfluorooctane Sulphonate under HSN Code 29043400 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 29043400 mandatory for small businesses?

Yes, businesses dealing in Lithium Perfluorooctane Sulphonate must use HSN 29043400 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.

What happens if I use wrong HSN code for Lithium Perfluorooctane Sulphonate?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 29043400 for Elements Or Of Isotopes goods before invoicing.

Do I need AD Code registration for exporting Lithium Perfluorooctane Sulphonate?

Yes, AD Code registration is required for exporters dealing in Lithium Perfluorooctane Sulphonate under Elements Or Of Isotopes. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 29

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