29054900 is the designated HSN classification for Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other, 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 : Other 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 29054900

For Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other classified under HSN Code 29054900, 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 29054900?

Every entity transacting in Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other must quote HSN Code 29054900 on invoices. This includes traders, distributors, and e-commerce sellers operating under Elements Or Of Isotopes. Chapter 29 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Commencing trade in Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other? Secure GST registration to handle taxes on HSN 29054900 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

Correct HSN Code 29054900 application for Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other ensures smooth input credit utilization and assessment processes. Track 0.09, 0.09, and 0.18 rate changes for Chapter 29 – Elements Or Of Isotopes through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 29054900 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 29054900 for accurate classification of Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other.

Can I claim input tax credit on Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other purchases?

Yes, registered businesses can claim input tax credit on Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other purchases made under HSN 29054900. 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 29054900?

CGST at 0.09 plus SGST/UTGST at 0.09 applies when Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other 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 Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other domestically?

No, Import Export Code is only required if you plan to import or export Acyclic Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Other Polyhydric Alcohols : Other internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.

More HSN codes from Chapter 29

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