Under the GST regime, HSN Code 81049030 classifies Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire within Chapter 81 – Other Base Metals; Cermets; A. This code is essential for businesses to correctly calculate and remit taxes on Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire. The applicable rates are CGST at 9.00%, SGST/UTGST at 9.00% for within-state sales, and IGST at 18.00% for interstate supplies. Goods are quantified using 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 81049030
The taxation of Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire under HSN Code 81049030 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 81049030?
Manufacturers, wholesalers, retailers, and exporters dealing in Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire are required to mention HSN 81049030 on all tax documents. This classification under Other Base Metals; Cermets; A applies to businesses of all sizes operating within Chapter 81. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Starting a business involving Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire? GST registration is mandatory for collecting and remitting taxes on HSN 81049030 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
Using HSN Code 81049030 accurately for Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire 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)
Where can I find the official GST rate for HSN 81049030?
Official GST rates for Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire under HSN 81049030 are published in government notifications and the CBIC website. Current rates are CGST 9.00%, SGST/UTGST 9.00%, and IGST 18.00%.
Do online marketplaces need to mention HSN 81049030?
Yes, online marketplaces and e-commerce operators selling Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire must mention HSN Code 81049030 on invoices. This Other Base Metals; Cermets; A classification applies to all sales channels under Chapter 81.
What documents are needed for company registration to trade in Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire under HSN 81049030.
How often do GST rates change for Other Base Metals; Cermets; A products?
GST rates for Magnesium And Articles Thereof, Including Waste And Scrap - Other:Wire and other Other Base Metals; Cermets; A products under Chapter 81 may change through GST Council recommendations. Monitor official notifications to stay updated on 9.00%, 9.00%, and 18.00% revisions.