HSN Code 4029920 provides the tax classification for Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk under Chapter 4 – Dairy Produce; Birds? Eggs; N of the GST tariff. Businesses dealing in Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk must use this code for proper invoicing and return filing. Applicable taxes include CGST at 6.00%, SGST/UTGST at 6.00%, and IGST at 12.00%. The recognized unit of measurement is kg..
HSN Codes under Chapter 4 – Dairy Produce; Birds? Eggs; N
Below are related HSN codes from Chapter 4 – Dairy Produce; Birds? Eggs; N for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Dairy Produce; Birds? Eggs; N... | 4011000 | Milk And Cream-Fat Content, By Weight, <= 1% | Nil/2.5% | Nil/2.5% | Nil/5% |
| Dairy Produce; Birds? Eggs; N... | 4012000 | Milk And Cream-Fat Content, By Weight >1% <= 6% | Nil/2.5% | Nil/2.5% | Nil/5% |
| Dairy Produce; Birds? Eggs; N... | 4014000 | Milk And Cream, Not Concentrated Nor Containing Ad... | Nil/2.5% | Nil/2.5% | Nil/5% |
| Dairy Produce; Birds? Eggs; N... | 4015000 | Milk And Cream, Not Concentrated Nor Containing Ad... | Nil/2.5% | Nil/2.5% | Nil/5% |
| Dairy Produce; Birds? Eggs; N... | 4021010 | Milk And Cream, Concentrated Or Containing Added S... | 2.50% | 2.50% | 5.00% |
| Dairy Produce; Birds? Eggs; N... | 4021020 | Milk And Cream, Concentrated Or Containing Added S... | 2.50% | 2.50% | 5.00% |
| Dairy Produce; Birds? Eggs; N... | 4021090 | Milk And Cream, Concentrated Or Containing Added S... | 0.025 | 0.025 | 0.05 |
| Dairy Produce; Birds? Eggs; N... | 4022100 | Milk And Cream, Concentrated Or Containing Added S... | 0.025 | 0.025 | 0.05 |
| Dairy Produce; Birds? Eggs; N... | 4022910 | Milk And Cream, Concentrated Or Containing Added S... | 2.50% | 2.50% | 5.00% |
| Dairy Produce; Birds? Eggs; N... | 4022920 | Milk And Cream, Concentrated Or Containing Added S... | 2.50% | 2.50% | 5.00% |
GST Rates for HSN 4029920
The tax structure for Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk under HSN Code 4029920 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 4 – Dairy Produce; Birds? Eggs; N.
Who Should Use HSN Code 4029920?
Any business engaged in supplying Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk must apply HSN 4029920 on invoices. The Dairy Produce; Birds? Eggs; N category under Chapter 4 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Starting a business involving Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk? GST registration is mandatory for collecting and remitting taxes on HSN 4029920 goods. Companies planning international trade within Dairy Produce; Birds? Eggs; N 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
Using HSN Code 4029920 accurately for Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk avoids compliance issues and facilitates credit claims. Monitor changes to 6.00%, 6.00%, and 12.00% rates for Chapter 4 – Dairy Produce; Birds? Eggs; N to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 4029920 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 4029920 for accurate classification of Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk.
Can I claim input tax credit on Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk purchases?
Yes, registered businesses can claim input tax credit on Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk purchases made under HSN 4029920. 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 4029920?
CGST at 6.00% plus SGST/UTGST at 6.00% applies when Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk 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 Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk domestically?
No, Import Export Code is only required if you plan to import or export Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter Other : Other : Condensed Milk internationally. For domestic trade within Dairy Produce; Birds? Eggs; N, GST registration is sufficient.
