HSN Code 29071300 provides the tax classification for Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof under Chapter 29 – Elements Or Of Isotopes of the GST tariff. Businesses dealing in Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof 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 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 29071300
For Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof classified under HSN Code 29071300, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Elements Or Of Isotopes under Chapter 29.
Who Should Use HSN Code 29071300?
Any business engaged in supplying Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof must apply HSN 29071300 on invoices. The Elements Or Of Isotopes category under Chapter 29 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Looking to deal in Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof? GST registration is your first compliance requirement for HSN 29071300 goods. International traders in Elements Or Of Isotopes products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Using HSN Code 29071300 accurately for Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 29 – Elements Or Of Isotopes to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 29071300 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 29071300 for accurate classification of Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof.
Can I claim input tax credit on Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof purchases?
Yes, registered businesses can claim input tax credit on Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof purchases made under HSN 29071300. 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 29071300?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof 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 : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof domestically?
No, Import Export Code is only required if you plan to import or export Phenols; Phenol-Alcohols - Monophenols : Octylphenol, Nonylphenol And Their Isomers; Salts Thereof internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.
