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)
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.
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.
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.
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.