HSN Code 81043020 provides the tax classification for Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders under Chapter 81 – Other Base Metals; Cermets; A of the GST tariff. Businesses dealing in Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders 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 81043020

The tax structure for Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders under HSN Code 81043020 follows a dual taxation model. CGST is levied at 0.09 and SGST/UTGST at 0.09 for intrastate sales. Interstate transactions attract IGST at 0.18. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 81 – Other Base Metals; Cermets; A.

Who Should Use HSN Code 81043020?

Every entity transacting in Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders must quote HSN Code 81043020 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

Starting a business involving Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders? GST registration is mandatory for collecting and remitting taxes on HSN 81043020 goods. Companies planning international trade within Other Base Metals; Cermets; A 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

Correct HSN Code 81043020 application for Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders ensures smooth input credit utilization and assessment processes. Track 0.09, 0.09, and 0.18 rate changes for Chapter 81 – Other Base Metals; Cermets; A through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 81043020 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 81043020 for accurate classification of Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders.

Can I claim input tax credit on Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders purchases?

Yes, registered businesses can claim input tax credit on Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders purchases made under HSN 81043020. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.

What is the difference between CGST and IGST for HSN 81043020?

CGST at 0.09 plus SGST/UTGST at 0.09 applies when Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders domestically?

No, Import Export Code is only required if you plan to import or export Magnesium And Articles Thereof, Including Waste And Scrap - Raspings, Turnings And Granules, Graded According To Size; Powders:Powders internationally. For domestic trade within Other Base Metals; Cermets; A, GST registration is sufficient.

More HSN codes from Chapter 81

10,000+
Happy Clients

Helping businesses stay compliant and stress-free.

15+
Years Experience

Deep expertise in GST, Income Tax, ROC & business compliance.

50,000+
Documents Filed

Returns, registrations, and filings handled accurately.

4.9★
Client Rating

Trusted by entrepreneurs, startups, and growing businesses.

ISO
Certified

Professional standards and documented processes.

SSL
Secure

Your financial and business data is fully protected.