HSN Code 81042090 provides the tax classification for Magnesium And Articles Thereof, Including Waste And Scrap - Waste And Scrap: Other under Chapter 81 – Other Base Metals; Cermets; A of the GST tariff. Businesses dealing in Magnesium And Articles Thereof, Including Waste And Scrap - Waste And Scrap: Other must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.09, SGST/UTGST at 0.09, and IGST at 0.18. The recognized unit of measurement is kg..
HSN Codes under Chapter 81 – Other Base Metals; Cermets; A
Below are related HSN codes from Chapter 81 – Other Base Metals; Cermets; A for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Other Base Metals; Cermets; A... | 81011000 | Tungsten (Wolfram) And Articles Thereof, Including... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81019400 | Tungsten (Wolfram) And Articles Thereof, Including... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81019510 | Tungsten (Wolfram) And Articles Thereof, Including... | N.a. | N.a. | N.a. |
| Other Base Metals; Cermets; A... | 81019590 | Tungsten (Wolfram) And Articles Thereof, Including... | N.a. | N.a. | N.a. |
| Other Base Metals; Cermets; A... | 81019600 | Tungsten (Wolfram) And Articles Thereof, Including... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81019700 | Tungsten (Wolfram) And Articles Thereof, Including... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81019910 | Tungsten (Wolfram) And Articles Thereof, Including... | 9.00% | 9.00% | 18.00% |
| Other Base Metals; Cermets; A... | 81019990 | Tungsten (Wolfram) And Articles Thereof, Including... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81021000 | Molybdenum And Articles Thereof, Including Waste A... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81029400 | Molybdenum And Articles Thereof, Including Waste A... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 81042090
The taxation of Magnesium And Articles Thereof, Including Waste And Scrap - Waste And Scrap: Other under HSN Code 81042090 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use kg. for Other Base Metals; Cermets; A goods under Chapter 81.
Who Should Use HSN Code 81042090?
Every entity transacting in Magnesium And Articles Thereof, Including Waste And Scrap - Waste And Scrap: Other must quote HSN Code 81042090 on invoices. This includes traders, distributors, and e-commerce sellers operating under Other Base Metals; Cermets; A. Chapter 81 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Entering the Magnesium And Articles Thereof, Including Waste And Scrap - Waste And Scrap: Other market requires essential registrations. GST registration enables legal tax collection on HSN 81042090 goods. For cross-border trade in Other Base Metals; Cermets; A items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Accurate HSN Code 81042090 usage for Magnesium And Articles Thereof, Including Waste And Scrap - Waste And Scrap: Other simplifies reconciliation and protects against penalties. Keep current with 0.09, 0.09, and 0.18 updates for Chapter 81 – Other Base Metals; Cermets; A to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
HSN Code 81042090 is used to classify Magnesium And Articles Thereof, Including Waste And Scrap - Waste And Scrap: Other under Chapter 81 – Other Base Metals; Cermets; A for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Magnesium And Articles Thereof, Including Waste And Scrap - Waste And Scrap: Other, CGST applies at 0.09 and SGST/UTGST at 0.09 for intrastate supplies. Interstate transactions are taxed under IGST at 0.18.
Yes, GST registration is mandatory for businesses dealing in Magnesium And Articles Thereof, Including Waste And Scrap - Waste And Scrap: Other under HSN 81042090. This enables you to legally collect taxes and claim input credits on purchases.
For importing goods under Other Base Metals; Cermets; A, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.