Chapter 29 of the GST framework covers Elements Or Of Isotopes, and HSN Code 29071590 specifically identifies Phenols; Phenol-Alcohols - Monophenols : Naphthols And Their Salts : Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Phenols; Phenol-Alcohols - Monophenols : Naphthols And Their Salts : Other. 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 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 29071590

The taxation of Phenols; Phenol-Alcohols - Monophenols : Naphthols And Their Salts : Other under HSN Code 29071590 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 29071590?

All businesses supplying Phenols; Phenol-Alcohols - Monophenols : Naphthols And Their Salts : Other are obligated to use HSN 29071590 on tax invoices. From producers to retailers within Elements Or Of Isotopes, Chapter 29 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Looking to deal in Phenols; Phenol-Alcohols - Monophenols : Naphthols And Their Salts : Other? GST registration is your first compliance requirement for HSN 29071590 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

Accurate application of HSN Code 29071590 for Phenols; Phenol-Alcohols - Monophenols : Naphthols And Their Salts : Other enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 29 – Elements Or Of Isotopes should monitor rate updates (0.09, 0.09, 0.18) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 29071590 used for?

HSN Code 29071590 is used to classify Phenols; Phenol-Alcohols - Monophenols : Naphthols 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 29071590?

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

Yes, GST registration is mandatory for businesses dealing in Phenols; Phenol-Alcohols - Monophenols : Naphthols And Their Salts : Other under HSN 29071590. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Phenols; Phenol-Alcohols - Monophenols : Naphthols 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

Back to Top