Under the GST regime, HSN Code 29420033 classifies Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide within Chapter 29 – Elements Or Of Isotopes. This code is essential for businesses to correctly calculate and remit taxes on Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide. 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 29420033
The taxation of Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide under HSN Code 29420033 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 29420033?
All businesses supplying Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide are obligated to use HSN 29420033 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
Entering the Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide market requires essential registrations. GST registration enables legal tax collection on HSN 29420033 goods. For cross-border trade in Elements Or Of Isotopes items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Correct HSN Code 29420033 application for Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 29 – Elements Or Of Isotopes through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 29420033 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 29420033 for accurate classification of Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide.
Can I claim input tax credit on Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide purchases?
Yes, registered businesses can claim input tax credit on Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide purchases made under HSN 29420033. 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 29420033?
CGST at 9.00% plus SGST/UTGST at 9.00% applies when Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide 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 Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide domestically?
No, Import Export Code is only required if you plan to import or export Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Oxyclozanide internationally. For domestic trade within Elements Or Of Isotopes, GST registration is sufficient.
