Chapter 29 of the GST framework covers Elements Or Of Isotopes, and HSN Code 29071930 specifically identifies Phenols; Phenol-Alcohols - Monophenols : Other : Thymol for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Phenols; Phenol-Alcohols - Monophenols : Other : Thymol. 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 29071930
For Phenols; Phenol-Alcohols - Monophenols : Other : Thymol classified under HSN Code 29071930, 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 29071930?
Manufacturers, wholesalers, retailers, and exporters dealing in Phenols; Phenol-Alcohols - Monophenols : Other : Thymol are required to mention HSN 29071930 on all tax documents. This classification under Elements Or Of Isotopes applies to businesses of all sizes operating within Chapter 29. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Planning to trade in Phenols; Phenol-Alcohols - Monophenols : Other : Thymol? Complete GST registration to legally collect taxes on goods under HSN 29071930. 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
Correct HSN Code 29071930 application for Phenols; Phenol-Alcohols - Monophenols : Other : Thymol ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 29 – Elements Or Of Isotopes through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 29071930?
The standard unit of measurement for Phenols; Phenol-Alcohols - Monophenols : Other : Thymol under HSN Code 29071930 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 29071930 mandatory for small businesses?
Yes, businesses dealing in Phenols; Phenol-Alcohols - Monophenols : Other : Thymol must use HSN 29071930 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Phenols; Phenol-Alcohols - Monophenols : Other : Thymol?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 29071930 for Elements Or Of Isotopes goods before invoicing.
Do I need AD Code registration for exporting Phenols; Phenol-Alcohols - Monophenols : Other : Thymol?
Yes, AD Code registration is required for exporters dealing in Phenols; Phenol-Alcohols - Monophenols : Other : Thymol under Elements Or Of Isotopes. This registration links your bank account to process foreign currency payments from overseas buyers.
