81049010 is the designated HSN classification for Magnesium And Articles Thereof, Including Waste And Scrap - Other:Other Magnesium And Magnesium Base Alloys, Wrought, categorized under Chapter 81 – Other Base Metals; Cermets; A in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Magnesium And Articles Thereof, Including Waste And Scrap - Other:Other Magnesium And Magnesium Base Alloys, Wrought must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
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 81049010
The taxation of Magnesium And Articles Thereof, Including Waste And Scrap - Other:Other Magnesium And Magnesium Base Alloys, Wrought under HSN Code 81049010 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use kg. for Other Base Metals; Cermets; A goods under Chapter 81.
Who Should Use HSN Code 81049010?
Every entity transacting in Magnesium And Articles Thereof, Including Waste And Scrap - Other:Other Magnesium And Magnesium Base Alloys, Wrought must quote HSN Code 81049010 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 - Other:Other Magnesium And Magnesium Base Alloys, Wrought? GST registration is mandatory for collecting and remitting taxes on HSN 81049010 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
Proper use of HSN Code 81049010 for Magnesium And Articles Thereof, Including Waste And Scrap - Other:Other Magnesium And Magnesium Base Alloys, Wrought streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 81 – Other Base Metals; Cermets; A through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 81049010?
The standard unit of measurement for Magnesium And Articles Thereof, Including Waste And Scrap - Other:Other Magnesium And Magnesium Base Alloys, Wrought under HSN Code 81049010 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 81049010 mandatory for small businesses?
Yes, businesses dealing in Magnesium And Articles Thereof, Including Waste And Scrap - Other:Other Magnesium And Magnesium Base Alloys, Wrought must use HSN 81049010 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 Magnesium And Articles Thereof, Including Waste And Scrap - Other:Other Magnesium And Magnesium Base Alloys, Wrought?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 81049010 for Other Base Metals; Cermets; A goods before invoicing.
Do I need AD Code registration for exporting Magnesium And Articles Thereof, Including Waste And Scrap - Other:Other Magnesium And Magnesium Base Alloys, Wrought?
Yes, AD Code registration is required for exporters dealing in Magnesium And Articles Thereof, Including Waste And Scrap - Other:Other Magnesium And Magnesium Base Alloys, Wrought under Other Base Metals; Cermets; A. This registration links your bank account to process foreign currency payments from overseas buyers.