29307000 is the designated HSN classification for Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)), categorized under Chapter 29 – Elements Or Of Isotopes in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)) 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 29307000

For Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)) classified under HSN Code 29307000, tax computation follows GST principles. CGST at 0.09 plus SGST/UTGST at 0.09 covers intrastate sales. IGST at 0.18 applies to interstate transactions. kg. is the prescribed measurement for Elements Or Of Isotopes under Chapter 29.

Who Should Use HSN Code 29307000?

Traders, manufacturers, and importers of Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)) are required to mention HSN Code 29307000 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

Commencing trade in Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn))? Secure GST registration to handle taxes on HSN 29307000 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

Accurate application of HSN Code 29307000 for Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)) 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)

How many digits of HSN Code 29307000 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 29307000 for accurate classification of Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)).

Can I claim input tax credit on Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)) purchases?

Yes, registered businesses can claim input tax credit on Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)) purchases made under HSN 29307000. 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 29307000?

CGST at 0.09 plus SGST/UTGST at 0.09 applies when Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)) 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 Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)) domestically?

No, Import Export Code is only required if you plan to import or export Bis(2-Hydroxyethyl)Sulfide (Thiodiglycol (Inn)) internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.

More HSN codes from Chapter 29

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