Under the GST regime, HSN Code 29413020 classifies Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their Salts within Chapter 29 – Elements Or Of Isotopes. This code is essential for businesses to correctly calculate and remit taxes on Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their 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 29413020
For Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their Salts classified under HSN Code 29413020, 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 29413020?
All businesses supplying Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their Salts are obligated to use HSN 29413020 on tax invoices. From producers to retailers within Elements Or Of Isotopes, Chapter 29 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Planning to trade in Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their Salts? Complete GST registration to legally collect taxes on goods under HSN 29413020. Businesses importing or exporting Elements Or Of Isotopes products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Accurate application of HSN Code 29413020 for Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their Salts enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 29 – Elements Or Of Isotopes should monitor rate updates (9.00%, 9.00%, 18.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 29413020 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 29413020 for accurate classification of Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their Salts.
Can I claim input tax credit on Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their Salts purchases?
Yes, registered businesses can claim input tax credit on Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their Salts purchases made under HSN 29413020. 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 29413020?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their 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 - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their Salts domestically?
No, Import Export Code is only required if you plan to import or export Antibiotics - Tetracyclines And Their Derivatives, Salts Thereof : Tetracycline/Oxytetra-Cycline And Their Salts internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.
