Under the GST regime, HSN Code 30044970 classifies Theophylline And Salts Thereof within Chapter 30 – Pharmaceutical Products. This code is essential for businesses to correctly calculate and remit taxes on Theophylline And Salts Thereof. 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 30044970
For Theophylline And Salts Thereof classified under HSN Code 30044970, tax computation follows GST principles. CGST at 6.00% plus SGST/UTGST at 6.00% covers intrastate sales. IGST at 12.00% applies to interstate transactions. kg. is the prescribed measurement for Pharmaceutical Products under Chapter 30.
Who Should Use HSN Code 30044970?
Every entity transacting in Theophylline And Salts Thereof must quote HSN Code 30044970 on invoices. This includes traders, distributors, and e-commerce sellers operating under Pharmaceutical Products. Chapter 30 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Planning to trade in Theophylline And Salts Thereof? Complete GST registration to legally collect taxes on goods under HSN 30044970. Businesses importing or exporting Pharmaceutical Products 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 30044970 for Theophylline And Salts Thereof enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 30 – Pharmaceutical Products should monitor rate updates (6.00%, 6.00%, 12.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
Official GST rates for Theophylline And Salts Thereof under HSN 30044970 are published in government notifications and the CBIC website. Current rates are CGST 6.00%, SGST/UTGST 6.00%, and IGST 12.00%.
Yes, online marketplaces and e-commerce operators selling Theophylline And Salts Thereof must mention HSN Code 30044970 on invoices. This Pharmaceutical Products classification applies to all sales channels under Chapter 30.
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Theophylline And Salts Thereof under HSN 30044970.
GST rates for Theophylline And Salts Thereof and other Pharmaceutical Products products under Chapter 30 may change through GST Council recommendations. Monitor official notifications to stay updated on 6.00%, 6.00%, and 12.00% revisions.