Chapter 29 of the GST framework covers Elements Or Of Isotopes, and HSN Code 29071400 specifically identifies Phenols; Phenol-Alcohols - Monophenols : Xylenols And Their Salts for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Phenols; Phenol-Alcohols - Monophenols : Xylenols And Their Salts. Tax rates applicable include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18 for interstate movements. The standard 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 29071400

Goods classified as Phenols; Phenol-Alcohols - Monophenols : Xylenols And Their Salts under HSN 29071400 are taxed based on transaction type. Local sales attract CGST at 0.09 plus SGST/UTGST at 0.09. For supplies crossing state boundaries, IGST at 0.18 applies. Documentation must reflect N.a as the measurement standard for Chapter 29 – Elements Or Of Isotopes products.

Who Should Use HSN Code 29071400?

Traders, manufacturers, and importers of Phenols; Phenol-Alcohols - Monophenols : Xylenols And Their Salts are required to mention HSN Code 29071400 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

Starting a business involving Phenols; Phenol-Alcohols - Monophenols : Xylenols And Their Salts? GST registration is mandatory for collecting and remitting taxes on HSN 29071400 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 29071400 usage for Phenols; Phenol-Alcohols - Monophenols : Xylenols And Their Salts simplifies reconciliation and protects against penalties. Keep current with 0.09, 0.09, and 0.18 updates for Chapter 29 – Elements Or Of Isotopes to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 29071400 used for?

HSN Code 29071400 is used to classify Phenols; Phenol-Alcohols - Monophenols : Xylenols And Their Salts 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 29071400?

For Phenols; Phenol-Alcohols - Monophenols : Xylenols And Their Salts, 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 : Xylenols And Their Salts?

Yes, GST registration is mandatory for businesses dealing in Phenols; Phenol-Alcohols - Monophenols : Xylenols And Their Salts under HSN 29071400. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Phenols; Phenol-Alcohols - Monophenols : Xylenols And Their Salts?

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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