Chapter 76 of the GST framework covers Aluminium And Articles Thereo, and HSN Code 76042920 specifically identifies Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods. 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... | 76012020 | Unwrought Aluminium - Aluminium Alloys : Billets | 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 |
GST Rates for HSN 76042920
For Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods classified under HSN Code 76042920, tax computation follows GST principles. CGST at 9.00% plus SGST/UTGST at 9.00% covers intrastate sales. IGST at 18.00% applies to interstate transactions. kg. is the prescribed measurement for Aluminium And Articles Thereo under Chapter 76.
Who Should Use HSN Code 76042920?
Every entity transacting in Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods must quote HSN Code 76042920 on invoices. This includes traders, distributors, and e-commerce sellers operating under Aluminium And Articles Thereo. Chapter 76 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods? GST registration is mandatory for collecting and remitting taxes on HSN 76042920 goods. Companies planning international trade within Aluminium And Articles Thereo 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 76042920 for Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 76 – Aluminium And Articles Thereo through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 76042920?
The standard unit of measurement for Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods under HSN Code 76042920 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 76042920 mandatory for small businesses?
Yes, businesses dealing in Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods must use HSN 76042920 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 76042920 for Aluminium And Articles Thereo goods before invoicing.
Do I need AD Code registration for exporting Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods?
Yes, AD Code registration is required for exporters dealing in Aluminium Bars, Rods And Profiles - Of Aluminium Alloys : Other : Wire Rods under Aluminium And Articles Thereo. This registration links your bank account to process foreign currency payments from overseas buyers.
