Under the GST regime, HSN Code 29072200 classifies Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts within Chapter 29 – Elements Or Of Isotopes. This code is essential for businesses to correctly calculate and remit taxes on Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts. The applicable rates are CGST at 0.09, SGST/UTGST at 0.09 for within-state sales, and IGST at 0.18 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 29072200
The taxation of Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts under HSN Code 29072200 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use kg. for Elements Or Of Isotopes goods under Chapter 29.
Who Should Use HSN Code 29072200?
Traders, manufacturers, and importers of Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts are required to mention HSN Code 29072200 on all GST documents. This Elements Or Of Isotopes classification under Chapter 29 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Looking to deal in Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts? GST registration is your first compliance requirement for HSN 29072200 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 29072200 for Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 29 – Elements Or Of Isotopes should monitor rate updates (0.09, 0.09, 0.18) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 29072200?
The standard unit of measurement for Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts under HSN Code 29072200 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 29072200 mandatory for small businesses?
Yes, businesses dealing in Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts must use HSN 29072200 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 - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 29072200 for Elements Or Of Isotopes goods before invoicing.
Do I need AD Code registration for exporting Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts?
Yes, AD Code registration is required for exporters dealing in Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Hydroquinone (Quinol) And Its Salts under Elements Or Of Isotopes. This registration links your bank account to process foreign currency payments from overseas buyers.
