Within Chapter 29 – Elements Or Of Isotopes, HSN Code 29071190 serves as the official classification for Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Other. This code determines tax rates and compliance obligations for all entities trading in Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Other. CGST applies at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Measurement is standardized in 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 29071190
The taxation of Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Other under HSN Code 29071190 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 29071190?
Every entity transacting in Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Other must quote HSN Code 29071190 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
Planning to trade in Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Other? Complete GST registration to legally collect taxes on goods under HSN 29071190. 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 29071190 accurately for Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Other 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 HSN Code 29071190 used for?
HSN Code 29071190 is used to classify Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Other 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 29071190?
For Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Other, CGST applies at 0.09 and SGST/UTGST at 0.09 for intrastate supplies. Interstate transactions are taxed under IGST at 0.18.
Do I need GST registration to trade in Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Other?
Yes, GST registration is mandatory for businesses dealing in Phenols; Phenol-Alcohols - Monophenols :-Phenol (Hydroxybenzene) And Its Salts : Other under HSN 29071190. 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 : Other?
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.
