Under the GST regime, HSN Code 29411040 classifies Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts within Chapter 29 – Elements Or Of Isotopes. This code is essential for businesses to correctly calculate and remit taxes on Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts. The applicable rates are CGST at 9.00%, SGST/UTGST at 9.00% for within-state sales, and IGST at 18.00% 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 29411040
For Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts classified under HSN Code 29411040, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Elements Or Of Isotopes under Chapter 29.
Who Should Use HSN Code 29411040?
Any business engaged in supplying Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts must apply HSN 29411040 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
Starting a business involving Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts? GST registration is mandatory for collecting and remitting taxes on HSN 29411040 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
Using HSN Code 29411040 accurately for Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 29 – Elements Or Of Isotopes to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 29411040 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 29411040 for accurate classification of Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts.
Can I claim input tax credit on Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts purchases?
Yes, registered businesses can claim input tax credit on Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts purchases made under HSN 29411040. Ensure your supplier mentions correct HSN code and GST rates (9.00%, 9.00%) on the invoice.
What is the difference between CGST and IGST for HSN 29411040?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts is sold within the same state. IGST at 18.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts domestically?
No, Import Export Code is only required if you plan to import or export Antibiotics - Penicillins And Their Derivative With A Penicillanic Acid Structure; Salts Thereof : Cioxacilline And Its Salts internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.
