HSN Code 29071290 provides the tax classification for Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Other under Chapter 29 – Elements Or Of Isotopes of the GST tariff. Businesses dealing in Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Other must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18. The recognized unit of measurement is 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 29071290

The tax structure for Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Other under HSN Code 29071290 follows a dual taxation model. CGST is levied at 0.09 and SGST/UTGST at 0.09 for intrastate sales. Interstate transactions attract IGST at 0.18. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 29 – Elements Or Of Isotopes.

Who Should Use HSN Code 29071290?

Traders, manufacturers, and importers of Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Other are required to mention HSN Code 29071290 on all GST documents. This Elements Or Of Isotopes classification under Chapter 29 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Planning to trade in Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Other? Complete GST registration to legally collect taxes on goods under HSN 29071290. 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 29071290 accurately for Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their 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 29071290 used for?

HSN Code 29071290 is used to classify Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their 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 29071290?

For Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their 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 :-Cresols And Their Salts : Other?

Yes, GST registration is mandatory for businesses dealing in Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their Salts : Other under HSN 29071290. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Phenols; Phenol-Alcohols - Monophenols :-Cresols And Their 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.

More HSN codes from Chapter 29

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