Chapter 29 of the GST framework covers Elements Or Of Isotopes, and HSN Code 29420034 specifically identifies Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Famotidine for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Famotidine. Tax rates applicable include CGST at 9.00%, SGST/UTGST at 9.00%, and IGST at 18.00% 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 29420034
Tax liability for Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Famotidine under HSN 29420034 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 29 – Elements Or Of Isotopes products must use kg..
Who Should Use HSN Code 29420034?
Traders, manufacturers, and importers of Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Famotidine are required to mention HSN Code 29420034 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
Looking to deal in Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Famotidine? GST registration is your first compliance requirement for HSN 29420034 goods. International traders in Elements Or Of Isotopes products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Accurate HSN Code 29420034 usage for Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Famotidine simplifies reconciliation and protects against penalties. Keep current with 9.00%, 9.00%, and 18.00% updates for Chapter 29 – Elements Or Of Isotopes to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 29420034 belong to?
HSN Code 29420034 falls under Chapter 29 – Elements Or Of Isotopes in the GST tariff schedule. This chapter covers various goods including Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Famotidine.
Is IGST applicable on Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Famotidine?
Yes, IGST at 18.00% is applicable when Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Famotidine is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.
Can e-commerce sellers use HSN Code 29420034?
Yes, e-commerce sellers dealing in Other Organic Compounds - Other Organic Compounds : Diloxanide Furoate, Cimetidine, Oxyclozanide, Famotidine : Famotidine must use HSN 29420034 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.
