29152920 is the designated HSN classification for Saturated Acyclic Monocarboxylic Acids And Their Anhydrides, Halides, Peroxides And Peroxyacids; Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Acetic Acid And Its Salts; Acetic Anhydride :-Other : Magnesium Acetate, categorized under Chapter 29 – Elements Or Of Isotopes in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Saturated Acyclic Monocarboxylic Acids And Their Anhydrides, Halides, Peroxides And Peroxyacids; Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Acetic Acid And Its Salts; Acetic Anhydride :-Other : Magnesium Acetate must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% 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 29152920
The taxation of Saturated Acyclic Monocarboxylic Acids And Their Anhydrides, Halides, Peroxides And Peroxyacids; Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Acetic Acid And Its Salts; Acetic Anhydride :-Other : Magnesium Acetate under HSN Code 29152920 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use kg. for Elements Or Of Isotopes goods under Chapter 29.
Who Should Use HSN Code 29152920?
Manufacturers, wholesalers, retailers, and exporters dealing in Saturated Acyclic Monocarboxylic Acids And Their Anhydrides, Halides, Peroxides And Peroxyacids; Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Acetic Acid And Its Salts; Acetic Anhydride :-Other : Magnesium Acetate are required to mention HSN 29152920 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 Saturated Acyclic Monocarboxylic Acids And Their Anhydrides, Halides, Peroxides And Peroxyacids; Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Acetic Acid And Its Salts; Acetic Anhydride :-Other : Magnesium Acetate? GST registration is mandatory for collecting and remitting taxes on HSN 29152920 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 29152920 usage for Saturated Acyclic Monocarboxylic Acids And Their Anhydrides, Halides, Peroxides And Peroxyacids; Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Acetic Acid And Its Salts; Acetic Anhydride :-Other : Magnesium Acetate 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)
The standard unit of measurement for Saturated Acyclic Monocarboxylic Acids And Their Anhydrides, Halides, Peroxides And Peroxyacids; Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Acetic Acid And Its Salts; Acetic Anhydride :-Other : Magnesium Acetate under HSN Code 29152920 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Saturated Acyclic Monocarboxylic Acids And Their Anhydrides, Halides, Peroxides And Peroxyacids; Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Acetic Acid And Its Salts; Acetic Anhydride :-Other : Magnesium Acetate must use HSN 29152920 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 29152920 for Elements Or Of Isotopes goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Saturated Acyclic Monocarboxylic Acids And Their Anhydrides, Halides, Peroxides And Peroxyacids; Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives - Acetic Acid And Its Salts; Acetic Anhydride :-Other : Magnesium Acetate under Elements Or Of Isotopes. This registration links your bank account to process foreign currency payments from overseas buyers.