29072990 is the designated HSN classification for Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other, categorized under Chapter 29 – Elements Or Of Isotopes in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Quantities are measured in kg. for billing purposes.
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 29072990
The tax structure for Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other under HSN Code 29072990 follows a dual taxation model. CGST is levied at 0.09 and SGST/UTGST at 0.09 for intrastate sales. Interstate transactions attract IGST at 0.18. 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 29072990?
Any business engaged in supplying Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other must apply HSN 29072990 on invoices. The Elements Or Of Isotopes category under Chapter 29 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Commencing trade in Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other? Secure GST registration to handle taxes on HSN 29072990 classified goods. Businesses with international operations in Elements Or Of Isotopes need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Proper use of HSN Code 29072990 for Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other streamlines audit processes and supports valid credit claims. Stay updated on 0.09, 0.09, and 0.18 rates for Chapter 29 – Elements Or Of Isotopes through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 29072990 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 29072990 for accurate classification of Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other.
Can I claim input tax credit on Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other purchases?
Yes, registered businesses can claim input tax credit on Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other purchases made under HSN 29072990. 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 29072990?
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other 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 : Other : Other domestically?
No, Import Export Code is only required if you plan to import or export Phenols; Phenol-Alcohols - Polyphenols ; Phenol-Alcohols : Other : Other internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.
