Chapter 29 of the GST framework covers Elements Or Of Isotopes, and HSN Code 29414000 specifically identifies Antibiotics - Chloramphenicol And Its Derivatives; Salts Thereof for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Antibiotics - Chloramphenicol And Its Derivatives; Salts Thereof. Tax rates applicable include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18 for interstate movements. The standard unit of measurement is 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 29414000

For Antibiotics - Chloramphenicol And Its Derivatives; Salts Thereof classified under HSN Code 29414000, 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 29414000?

All businesses supplying Antibiotics - Chloramphenicol And Its Derivatives; Salts Thereof are obligated to use HSN 29414000 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 - Chloramphenicol And Its Derivatives; Salts Thereof? Complete GST registration to legally collect taxes on goods under HSN 29414000. 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

Using HSN Code 29414000 accurately for Antibiotics - Chloramphenicol And Its Derivatives; Salts Thereof avoids compliance issues and facilitates credit claims. Monitor changes to 0.09, 0.09, and 0.18 rates for Chapter 29 – Elements Or Of Isotopes to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 29414000 belong to?

HSN Code 29414000 falls under Chapter 29 – Elements Or Of Isotopes in the GST tariff schedule. This chapter covers various goods including Antibiotics - Chloramphenicol And Its Derivatives; Salts Thereof.

Is IGST applicable on Antibiotics - Chloramphenicol And Its Derivatives; Salts Thereof?

Yes, IGST at 0.18 is applicable when Antibiotics - Chloramphenicol And Its Derivatives; Salts Thereof is supplied interstate or imported. For local sales within a state, CGST at 0.09 and SGST/UTGST at 0.09 apply instead.

Can e-commerce sellers use HSN Code 29414000?

Yes, e-commerce sellers dealing in Antibiotics - Chloramphenicol And Its Derivatives; Salts Thereof must use HSN 29414000 on their invoices. This applies to all online platforms operating under Elements Or Of Isotopes classification.

How do I start an import business for Elements Or Of Isotopes goods?

To import goods under Elements Or Of Isotopes, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.

More HSN codes from Chapter 29

Back to Top