Under the GST regime, HSN Code 29071210 classifies Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols) within Chapter 29 – Elements Or Of Isotopes. This code is essential for businesses to correctly calculate and remit taxes on Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols). The applicable rates are CGST at 9.00%, SGST/UTGST at 9.00% for within-state sales, and IGST at 18.00% for interstate supplies. Goods are quantified using 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 29071210
The taxation of Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols) under HSN Code 29071210 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use N.a for Elements Or Of Isotopes goods under Chapter 29.
Who Should Use HSN Code 29071210?
Manufacturers, wholesalers, retailers, and exporters dealing in Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols) are required to mention HSN 29071210 on all tax documents. This classification under Elements Or Of Isotopes applies to businesses of all sizes operating within Chapter 29. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Starting a business involving Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols)? GST registration is mandatory for collecting and remitting taxes on HSN 29071210 goods. Companies planning international trade within Elements Or Of Isotopes must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Accurate HSN Code 29071210 usage for Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols) simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 29 – Elements Or Of Isotopes to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 29071210 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 29071210 for accurate classification of Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols).
Can I claim input tax credit on Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols) purchases?
Yes, registered businesses can claim input tax credit on Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols) purchases made under HSN 29071210. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
What is the difference between CGST and IGST for HSN 29071210?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols) is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols) domestically?
No, Import Export Code is only required if you plan to import or export Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Para Cresols (P-Cresols) internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.
