Chapter 29 of the GST framework covers Elements Or Of Isotopes, and HSN Code 29071940 specifically identifies Phenols; Phenol-Alcohols - Monophenols : Other : Para Tertiary Butyl Phenol for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Phenols; Phenol-Alcohols - Monophenols : Other : Para Tertiary Butyl Phenol. 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 29071940
The tax structure for Phenols; Phenol-Alcohols - Monophenols : Other : Para Tertiary Butyl Phenol under HSN Code 29071940 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 29071940?
All businesses supplying Phenols; Phenol-Alcohols - Monophenols : Other : Para Tertiary Butyl Phenol are obligated to use HSN 29071940 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 : Para Tertiary Butyl Phenol? GST registration is your first compliance requirement for HSN 29071940 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 29071940 for Phenols; Phenol-Alcohols - Monophenols : Other : Para Tertiary Butyl Phenol enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 29 – Elements Or Of Isotopes should monitor rate updates (9.00%, 9.00%, 18.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 29071940 belong to?
HSN Code 29071940 falls under Chapter 29 – Elements Or Of Isotopes in the GST tariff schedule. This chapter covers various goods including Phenols; Phenol-Alcohols - Monophenols : Other : Para Tertiary Butyl Phenol.
Is IGST applicable on Phenols; Phenol-Alcohols - Monophenols : Other : Para Tertiary Butyl Phenol?
Yes, IGST at 18.00% is applicable when Phenols; Phenol-Alcohols - Monophenols : Other : Para Tertiary Butyl Phenol is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.
Can e-commerce sellers use HSN Code 29071940?
Yes, e-commerce sellers dealing in Phenols; Phenol-Alcohols - Monophenols : Other : Para Tertiary Butyl Phenol must use HSN 29071940 on their invoices. This applies to all online platforms operating under Elements Or Of Isotopes classification.
How do I start an import business for Elements Or Of Isotopes goods?
To import goods under Elements Or Of Isotopes, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
