HSN Code 29072100 provides the tax classification for Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts under Chapter 29 – Elements Or Of Isotopes of the GST tariff. Businesses dealing in Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18. The recognized 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 29072100
Goods classified as Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts under HSN 29072100 are taxed based on transaction type. Local sales attract CGST at 0.09 plus SGST/UTGST at 0.09. For supplies crossing state boundaries, IGST at 0.18 applies. Documentation must reflect kg. as the measurement standard for Chapter 29 – Elements Or Of Isotopes products.
Who Should Use HSN Code 29072100?
Manufacturers, wholesalers, retailers, and exporters dealing in Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts are required to mention HSN 29072100 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
Starting a business involving Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts? GST registration is mandatory for collecting and remitting taxes on HSN 29072100 goods. Companies planning international trade within Elements Or Of Isotopes must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Accurate HSN Code 29072100 usage for Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts simplifies reconciliation and protects against penalties. Keep current with 0.09, 0.09, and 0.18 updates for Chapter 29 – Elements Or Of Isotopes to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 29072100 should I mention on invoices?
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 29072100 for accurate classification of Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts.
Can I claim input tax credit on Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts purchases?
Yes, registered businesses can claim input tax credit on Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts purchases made under HSN 29072100. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.
What is the difference between CGST and IGST for HSN 29072100?
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts domestically?
No, Import Export Code is only required if you plan to import or export Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Resorcinol And Its Salts internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.
