What products are classified under HSN 29232010 ?
It includes Lecithins
HSN Code 29232010 represents Lecithins under GST classification. This code helps businesses identify Lecithins correctly for billing, taxation, and trade. With HSN Code 29232010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Lecithins.
HSN Code 29232010 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 29 | Organic chemicals | 2923 | Quaternary ammonium salts and hydroxides; lecithins and other phosphoaminolipids, whether or not chemically defined | Lecithins and other phosphoaminolipids : Lecithins | 9% | 9% | 18% | 0% |
Lecithins does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Choline and its salts | |
| Lecithins and other phosphoaminolipids : Other | |
| Tetraethylammonium perfluorooctane sulphonate | |
| Didecyldimethylammonium perfluorooctane sulphonate | |
| Lecithins and other phosphoaminolipids :Other |
Choline and its salts
Lecithins and other phosphoaminolipids : Other
Tetraethylammonium perfluorooctane sulphonate
Didecyldimethylammonium perfluorooctane sulphonate
Lecithins and other phosphoaminolipids :Other
It includes Lecithins
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 Lecithins; Nil for exempt items if applicable).
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Under HSN 29232010, Lecithins attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.