29054500 is the designated HSN classification for Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Glycerol, categorized under Chapter 29 – Elements Or Of Isotopes in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Glycerol must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Quantities are measured in kg. for billing purposes.
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 29054500
Goods classified as Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Glycerol under HSN 29054500 are taxed based on transaction type. Local sales attract CGST at 0.09 plus SGST/UTGST at 0.09. For supplies crossing state boundaries, IGST at 0.18 applies. Documentation must reflect kg. as the measurement standard for Chapter 29 – Elements Or Of Isotopes products.
Who Should Use HSN Code 29054500?
Any business engaged in supplying Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Glycerol must apply HSN 29054500 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
Entering the Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Glycerol market requires essential registrations. GST registration enables legal tax collection on HSN 29054500 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 29054500 for Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Glycerol 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)
HSN Code 29054500 is used to classify Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Glycerol under Chapter 29 – Elements Or Of Isotopes for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Glycerol, CGST applies at 0.09 and SGST/UTGST at 0.09 for intrastate supplies. Interstate transactions are taxed under IGST at 0.18.
Yes, GST registration is mandatory for businesses dealing in Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Glycerol under HSN 29054500. This enables you to legally collect taxes and claim input credits on purchases.
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.