Chapter 29 of the GST framework covers Elements Or Of Isotopes, and HSN Code 29071910 specifically identifies Phenols; Phenol-Alcohols - Monophenols : Other : O-Phenyl Phenols for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Phenols; Phenol-Alcohols - Monophenols : Other : O-Phenyl Phenols. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% 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 29071910
The tax structure for Phenols; Phenol-Alcohols - Monophenols : Other : O-Phenyl Phenols under HSN Code 29071910 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. 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 29071910?
All businesses supplying Phenols; Phenol-Alcohols - Monophenols : Other : O-Phenyl Phenols are obligated to use HSN 29071910 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 : Other : O-Phenyl Phenols? GST registration is your first compliance requirement for HSN 29071910 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
Proper use of HSN Code 29071910 for Phenols; Phenol-Alcohols - Monophenols : Other : O-Phenyl Phenols streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 29 – Elements Or Of Isotopes through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
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 29071910 for accurate classification of Phenols; Phenol-Alcohols - Monophenols : Other : O-Phenyl Phenols.
Yes, registered businesses can claim input tax credit on Phenols; Phenol-Alcohols - Monophenols : Other : O-Phenyl Phenols purchases made under HSN 29071910. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Phenols; Phenol-Alcohols - Monophenols : Other : O-Phenyl Phenols is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export Phenols; Phenol-Alcohols - Monophenols : Other : O-Phenyl Phenols internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.