81049020 is the designated HSN classification for Magnesium And Articles Thereof, Including Waste And Scrap - Other:Flakes, 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:Flakes 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 81049020
Goods classified as Magnesium And Articles Thereof, Including Waste And Scrap - Other:Flakes under HSN 81049020 are taxed based on transaction type. Local sales attract CGST at 9.00% plus SGST/UTGST at 9.00%. For supplies crossing state boundaries, IGST at 18.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 81 – Other Base Metals; Cermets; A products.
Who Should Use HSN Code 81049020?
Traders, manufacturers, and importers of Magnesium And Articles Thereof, Including Waste And Scrap - Other:Flakes are required to mention HSN Code 81049020 on all GST documents. This Other Base Metals; Cermets; A classification under Chapter 81 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Looking to deal in Magnesium And Articles Thereof, Including Waste And Scrap - Other:Flakes? GST registration is your first compliance requirement for HSN 81049020 goods. International traders in Other Base Metals; Cermets; A products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Using HSN Code 81049020 accurately for Magnesium And Articles Thereof, Including Waste And Scrap - Other:Flakes avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 81 – Other Base Metals; Cermets; A to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 81049020?
The standard unit of measurement for Magnesium And Articles Thereof, Including Waste And Scrap - Other:Flakes under HSN Code 81049020 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 81049020 mandatory for small businesses?
Yes, businesses dealing in Magnesium And Articles Thereof, Including Waste And Scrap - Other:Flakes must use HSN 81049020 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:Flakes?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 81049020 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:Flakes?
Yes, AD Code registration is required for exporters dealing in Magnesium And Articles Thereof, Including Waste And Scrap - Other:Flakes under Other Base Metals; Cermets; A. This registration links your bank account to process foreign currency payments from overseas buyers.