Under the GST regime, HSN Code 30021240 classifies For Snake Venom within Chapter 30 – Pharmaceutical Products. This code is essential for businesses to correctly calculate and remit taxes on For Snake Venom. The applicable rates are CGST at 6.00%, SGST/UTGST at 6.00% for within-state sales, and IGST at 12.00% for interstate supplies. Goods are quantified using kg..
HSN Codes under Chapter 30 – Pharmaceutical Products
Below are related HSN codes from Chapter 30 – Pharmaceutical Products for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Pharmaceutical Products... | 30011010 | Glands And Other Organs For Organo-Therapeutic Use... | 6.00% | 6.00% | 12.00% |
| Pharmaceutical Products... | 30011091 | Glands And Other Organs For Organo-Therapeutic Use... | 6.00% | 6.00% | 12.00% |
| Pharmaceutical Products... | 30011099 | Glands And Other Organs For Organo-Therapeutic Use... | 0.06 | 0.06 | 0.12 |
| Pharmaceutical Products... | 30012010 | Glands And Other Organs For Organo-Therapeutic Use... | 6.00% | 6.00% | 12.00% |
| Pharmaceutical Products... | 30012020 | Glands And Other Organs For Organo-Therapeutic Use... | 6.00% | 6.00% | 12.00% |
| Pharmaceutical Products... | 30012030 | Glands And Other Organs For Organo-Therapeutic Use... | 6.00% | 6.00% | 12.00% |
| Pharmaceutical Products... | 30012090 | Glands And Other Organs For Organo-Therapeutic Use... | 0.06 | 0.06 | 0.12 |
| Pharmaceutical Products... | 30019010 | Glands And Other Organs For Organo-Therapeutic Use... | 6.00% | 6.00% | 12.00% |
| Pharmaceutical Products... | 30019091 | Glands And Other Organs For Organo-Therapeutic Use... | 6.00% | 6.00% | 12.00% |
| Pharmaceutical Products... | 30019099 | Glands And Other Organs For Organo-Therapeutic Use... | 0.06 | 0.06 | 0.12 |
GST Rates for HSN 30021240
The tax structure for For Snake Venom under HSN Code 30021240 follows a dual taxation model. CGST is levied at 6.00% and SGST/UTGST at 6.00% for intrastate sales. Interstate transactions attract IGST at 12.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 30 – Pharmaceutical Products.
Who Should Use HSN Code 30021240?
All businesses supplying For Snake Venom are obligated to use HSN 30021240 on tax invoices. From producers to retailers within Pharmaceutical Products, Chapter 30 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Starting a business involving For Snake Venom? GST registration is mandatory for collecting and remitting taxes on HSN 30021240 goods. Companies planning international trade within Pharmaceutical Products 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
Proper use of HSN Code 30021240 for For Snake Venom streamlines audit processes and supports valid credit claims. Stay updated on 6.00%, 6.00%, and 12.00% rates for Chapter 30 – Pharmaceutical Products through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 30021240 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 30021240 for accurate classification of For Snake Venom.
Can I claim input tax credit on For Snake Venom purchases?
Yes, registered businesses can claim input tax credit on For Snake Venom purchases made under HSN 30021240. Ensure your supplier mentions correct HSN code and GST rates (6.00%, 6.00%) on the invoice.
What is the difference between CGST and IGST for HSN 30021240?
CGST at 6.00% plus SGST/UTGST at 6.00% applies when For Snake Venom is sold within the same state. IGST at 12.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading For Snake Venom domestically?
No, Import Export Code is only required if you plan to import or export For Snake Venom internationally. For domestic trade within Pharmaceutical Products, GST registration is sufficient.
