Under the GST regime, HSN Code 29071950 classifies Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols within Chapter 29 – Elements Or Of Isotopes. This code is essential for businesses to correctly calculate and remit taxes on Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols. The applicable rates are CGST at 9.00%, SGST/UTGST at 9.00% for within-state sales, and IGST at 18.00% for interstate supplies. Goods are quantified using 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 29071950

Tax liability for Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols under HSN 29071950 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 29 – Elements Or Of Isotopes products must use kg..

Who Should Use HSN Code 29071950?

All businesses supplying Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols are obligated to use HSN 29071950 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

Entering the Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols market requires essential registrations. GST registration enables legal tax collection on HSN 29071950 goods. For cross-border trade in Elements Or Of Isotopes items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Accurate HSN Code 29071950 usage for Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 29 – Elements Or Of Isotopes to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 29071950 used for?

HSN Code 29071950 is used to classify Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols 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 29071950?

For Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.

Do I need GST registration to trade in Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols?

Yes, GST registration is mandatory for businesses dealing in Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols under HSN 29071950. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Phenols; Phenol-Alcohols - Monophenols : Other : Alkyl Phenols?

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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