Chapter 76 of the GST framework covers Aluminium And Articles Thereo, and HSN Code 76012020 specifically identifies Unwrought Aluminium - Aluminium Alloys : Billets for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Unwrought Aluminium - Aluminium Alloys : Billets. 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 76 – Aluminium And Articles Thereo
Below are related HSN codes from Chapter 76 – Aluminium And Articles Thereo for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Aluminium And Articles Thereo... | 76011010 | Unwrought Aluminium - Aluminium, Not Alloyed : Ing... | N.a. | N.a. | N.a. |
| Aluminium And Articles Thereo... | 76011020 | Unwrought Aluminium - Aluminium, Not Alloyed : Bil... | N.a. | N.a. | N.a. |
| Aluminium And Articles Thereo... | 76011030 | Unwrought Aluminium - Aluminium, Not Alloyed : Wir... | N.a. | N.a. | N.a. |
| Aluminium And Articles Thereo... | 76011040 | Unwrought Aluminium - Aluminium, Not Alloyed : Wir... | 9.00% | 9.00% | 18.00% |
| Aluminium And Articles Thereo... | 76011090 | Unwrought Aluminium - Aluminium, Not Alloyed : Oth... | 0.09 | 0.09 | 0.18 |
| Aluminium And Articles Thereo... | 76012010 | Unwrought Aluminium - Aluminium Alloys : Ingots | 9.00% | 9.00% | 18.00% |
| Aluminium And Articles Thereo... | 76012030 | Unwrought Aluminium - Aluminium Alloys : Wire Bars | 9.00% | 9.00% | 18.00% |
| Aluminium And Articles Thereo... | 76012040 | Unwrought Aluminium - Aluminium Alloys : Wire Rods | 9.00% | 9.00% | 18.00% |
| Aluminium And Articles Thereo... | 76012090 | Unwrought Aluminium - Aluminium Alloys : Other | 0.09 | 0.09 | 0.18 |
| Aluminium And Articles Thereo... | 76020010 | Aluminium Waste And Scrap - Aluminium Waste And Sc... | 9.00% | 9.00% | 18.00% |
GST Rates for HSN 76012020
Goods classified as Unwrought Aluminium - Aluminium Alloys : Billets under HSN 76012020 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 76 – Aluminium And Articles Thereo products.
Who Should Use HSN Code 76012020?
Traders, manufacturers, and importers of Unwrought Aluminium - Aluminium Alloys : Billets are required to mention HSN Code 76012020 on all GST documents. This Aluminium And Articles Thereo classification under Chapter 76 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Looking to deal in Unwrought Aluminium - Aluminium Alloys : Billets? GST registration is your first compliance requirement for HSN 76012020 goods. International traders in Aluminium And Articles Thereo 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
Using HSN Code 76012020 accurately for Unwrought Aluminium - Aluminium Alloys : Billets avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 76 – Aluminium And Articles Thereo to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
The standard unit of measurement for Unwrought Aluminium - Aluminium Alloys : Billets under HSN Code 76012020 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Unwrought Aluminium - Aluminium Alloys : Billets must use HSN 76012020 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 76012020 for Aluminium And Articles Thereo goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Unwrought Aluminium - Aluminium Alloys : Billets under Aluminium And Articles Thereo. This registration links your bank account to process foreign currency payments from overseas buyers.