New
Published on:
February 25, 2023
By
Harshini

GST Rate  HSN Code for Elements or Isotopes - Chapter29

India implemented the Goods and Services Tax (GST) system on July 1, 2017, with the purpose of streamlining the taxation system and making it more transparent. GST rates and HSN codes are an integral part of the new taxation system.Under Chapter 29 of GST rates and HSN codes, we will focus on the GST rate and HSN code for elements or isotopes.

GST Rate for Elements or Isotopes

The GST rate for elements or isotopes falling under Chapter 29 is 18%.

HSN Code for Elements or Isotopes

The Harmonized System of Nomenclature (HSN) code for elements or isotopes falling under Chapter 29 is as follows:- 2901: Acyclic hydrocarbons- 2902: Cyclic hydrocarbons- 2903: Halogenated derivatives of hydrocarbons- 2904: Sulphonated, nitrated or nitrosated derivatives of hydrocarbons- 2905: Acyclic alcohols and their halogenated, sulfonated, nitrated or nitrosated derivatives- 2906: Cyclic alcohols and their halogenated, sulfonated, nitrated or nitrosated derivatives- 2907: Phenols; phenol-alcohols- 2908: Halogenated, sulfonated, nitrated or nitrosated derivatives of phenols or phenol-alcohols- 2909: Ethers, ether-alcohols, ether-phenols, ether-alcohol-phenols, alcohol peroxides, ether peroxides, ketone peroxides (whether or not chemically defined), and their halogenated, sulfonated, nitrated or nitrosated derivatives- 2910: Epoxides, epoxyalcohols, epoxyphenols and epoxyethers, with a three-membered ring, and their halogenated, sulfonated, nitrated or nitrosated derivatives- 2911: Acetals and hemiacetals, whether or not with other oxygen function, and their halogenated, sulfonated, nitrated or nitrosated derivatives- 2912: Aldehydes, whether or not with other oxygen function; cyclic polymers of aldehydes; paraformaldehyde- 2913: Halogenated, sulfonated, nitrated or nitrosated derivatives of products of heading 2912- 2914: Ketones and quinones, whether or not with other oxygen function, and their halogenated, sulfonated, nitrated or nitrosated derivatives- 2915: Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides, and peroxyacids; their halogenated, sulfonated, nitrated or nitrosated derivatives- 2916: Unsaturated acyclic monocarboxylic acids, cyclic monocarboxylic acids, their anhydrides, halides, peroxides, and peroxyacids; their halogenated, sulfonated, nitrated, or nitrosated derivatives- 2917: Polycarboxylic acids, their anhydrides, halides, peroxides, and peroxyacids; their halogenated, sulfonated, nitrated, or nitrosated derivatives- 2918: Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids, and their derivatives- 2919: Phosphoric esters and their salts including lactophosphates, their halogenated, sulfonated, nitrated or nitrosated derivatives- 2920: Esters of other inorganic acids (excluding esters of hydrogen halides) and their salts; their halogenated, sulfonated, nitrated or nitrosated derivatives- 2921: Amine-function compounds- 2922: Oxygen-function amino-compounds- 2923: Quaternary ammonium salts and hydroxides; lecithins and other phosphoaminolipids, whether or not chemically defined- 2924: Carboxyamide-function compounds; amide-function compounds of carbonic acid- 2925: Carboxyimide-function compounds (including saccharin and its salts) and imine-function compounds- 2926: Nitrile-function compounds- 2927: Diazo-, azo- or azoxy-compounds- 2928: Organic derivatives of hydrazine or of hydroxylamine- 2929: Compounds with other nitrogen function- 2930: Organo-sulphur compounds- 2931: Other organo-inorganic compounds- 2932: Heterocyclic compounds with oxygen hetero-atom(s) only- 2933: Heterocyclic compounds with nitrogen hetero-atom(s) only- 2934: Nucleic acids and their salts; whether or not chemically defined; other heterocyclic compounds- 2935: Sulphonamides- 2936: Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, whether or not in any solvent- 2937: Hormones, prostaglandins, thromboxanes and leukotrienes, natural or reproduced by synthesis; derivatives and structural analogues thereof, including chain modified polypeptides, used primarily as hormones- 2938: Glycosides, natural or reproduced by synthesis, and their salts, ethers, esters, and other derivatives- 2939: Vegetable alkaloids, natural or reproduced by synthesis, and their salts, ethers, esters, and other derivatives- 2940: Sugars, chemically pure, other than sucrose, lactose, maltose, glucose, and fructose; sugar ethers, sugar acetals, and sugar esters, and their salts, other than products of heading 2937, 2938 or 2939- 2941: Antibiotics- 2942: Other organic compounds

Conclusion

As a small or medium business owner or startup founder in India, it’s essential to understand the applicable GST rate and HSN codes for your products. Knowing the GST rate and HSN code for elements or isotopes falling under Chapter 29 will help you comply with the GST law and avoid any penalties. We hope this article has provided you with all the necessary information you need to know for the GST rates and HSN codes for elements or isotopes under Chapter 29.

Suggestions



Interest on Delayed Payment/ Reversal of ITC of GST
PIPE FITTINGS OF IRON - GST RATES & HSN CODE 7307
GSTR-2 JSON Errors and Resolutions | GST Portal

Updated on:
March 16, 2024