What products are classified under HSN 29023000 ?
It includes Toluene
HSN Code 29023000 represents Toluene under GST classification. This code helps businesses identify Toluene correctly for billing, taxation, and trade. With HSN Code 29023000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Toluene.
HSN Code 29023000 relates to the following description:
Toluene does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Cyclanes, cyclenes and cycloterpenes : Cyclohexane | |
| Cyclic hydrocarbons - cyclanes, cyclenes and cycloterpenes : other | |
| Cyclanes, cyclenes and cycloterpenes : Other: Cyclopropyl actetylene | |
| Cyclanes, cyclenes and cycloterpenes : Other: Other | |
| Benzene | |
| Xylenes : o-Xylene | |
| Xylenes : m-Xylene | |
| Xylenes : p-Xylene | |
| Xylenes : Mixed xylene isomers | |
| Styrene | |
| Ethylbenzene | |
| Cumene | |
| Other : Dipentene | |
| Other : Diphenyl methane | |
| Other : Dodecyclic benzenes (excluding mixed alkylarenes) | |
| Other : Napthalene, pure | |
| Other : Isobutyl benzene | |
| Other : N-propyl benzene | |
| Other :Other |
Cyclanes, cyclenes and cycloterpenes : Cyclohexane
Cyclic hydrocarbons - cyclanes, cyclenes and cycloterpenes : other
Cyclanes, cyclenes and cycloterpenes : Other: Cyclopropyl actetylene
Cyclanes, cyclenes and cycloterpenes : Other: Other
Benzene
Xylenes : o-Xylene
Xylenes : m-Xylene
Xylenes : p-Xylene
Xylenes : Mixed xylene isomers
Styrene
Ethylbenzene
Cumene
Other : Dipentene
Other : Diphenyl methane
Other : Dodecyclic benzenes (excluding mixed alkylarenes)
Other : Napthalene, pure
Other : Isobutyl benzene
Other : N-propyl benzene
Other :Other
It includes Toluene
e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.
Under HSN 29023000, Toluene attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Toluene; Nil for exempt items if applicable).
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.