HSN Code 29071110 provides the tax classification for Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid under Chapter 29 – Elements Or Of Isotopes of the GST tariff. Businesses dealing in Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid 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 N.a.
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 29071110
Tax liability for Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid under HSN 29071110 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 29 – Elements Or Of Isotopes products must use N.a.
Who Should Use HSN Code 29071110?
All businesses supplying Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid are obligated to use HSN 29071110 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
Planning to trade in Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid? Complete GST registration to legally collect taxes on goods under HSN 29071110. 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
Accurate application of HSN Code 29071110 for Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 29 – Elements Or Of Isotopes should monitor rate updates (9.00%, 9.00%, 18.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 29071110 used for?
HSN Code 29071110 is used to classify Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid 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 29071110?
For Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid, 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 Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid?
Yes, GST registration is mandatory for businesses dealing in Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid under HSN 29071110. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Phenol, As Pure Carbolic Acid?
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.
