Understanding GST Rate and HSN Code for White Phenyl

White phenyl, widely recognized as a disinfectant and cleaning agent, is subject to specific GST (Goods and Services Tax) rates and HSN (Harmonized System of Nomenclature) codes in India. This article explores the detailed information and the importance of these codes in understanding and complying with tax regulations.

The GST Rate for White Phenyl

The Goods and Services Tax rate for white phenyl, as per the current GST regime in India, is typically 18%. This rate is based on the product's intended use and the specific classification under the tax laws. It's important to note that these rates can be subject to change and should be verified with the latest official sources or tax professionals for the most accurate and current information.

The HSN Code for White Phenyl

The HSN code for white phenyl is 3808.50.10. This code is significant as it falls under Chapter 38 of the HSN system, which specifically refers to 'Miscellaneous Chemical Products in Retail Packing.' This classification ensures that the product is correctly categorized for tax purposes and international trade. Note that the HSN code for white phenyl floor cleaner may differ, as it falls under a different category with a different GST rate.

Importance of Classification with HSN Code

Classification, or assigning a specific HSN code to a material or item, is vital for various reasons, including tax compliance, trade documentation, and regulatory adherence. The HSN code is used by customs authorities and financial institutions to assess duties, tariffs, and relevant taxes. It is essential to consult a qualified GST practitioner to determine the correct HSN code and GST rate, as the wrong classification can result in delays, penalties, and other complications.

While online searches may provide some initial guidance, it is always advisable to seek advice from accredited professionals to ensure compliance with all legal requirements. The HSN code and GST rate for various products can change, and updates should be retrieved from the official GST portal or through tax advisory services.

White Phenyl Floor Cleaner and Specific GST Rate

It's worth noting that the GST rate for white phenyl floor cleaner is typically 12%. This reflects the specific use of the product, which is more focused on floor cleaning. The HSN code for white phenyl floor cleaner is 3402, which falls under the category of 'Organic Surface Cleaning Agents.' This classification further clarifies the product's purpose and ensures accurate tax assessment.

Based on the HS classification, white phenyl floor cleaner is categorized as an organic surface cleaning agent under HSN 3402. Consequently, the applicable GST rate of 12% stands valid for this specific use.

Conclusion

Understanding the GST rate and HSN code for white phenyl is crucial for businesses and individuals involved in the manufacturing, trading, or usage of this product. The correct classification under the HSN system ensures accurate tax compliance and facilitates smooth operations in the market. For the most accurate and up-to-date information, it is recommended to consult official sources or seek professional advice.