What products are classified under HSN 2714
It includes Natural bitumen & asphalt4
HSN Sub Chapter 2714 represents Natural bitumen & asphalt4 under GST classification. This code helps businesses identify Natural bitumen & asphalt4 correctly for billing, taxation, and trade. With HSN Sub Chapter 2714, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Natural bitumen & asphalt4.
GST Rate for Natural bitumen & asphalt4 under HSN Code 2714. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 27 | 2714 | Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks | 18% | 18% |
Chapter: 27
Description: Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks
Following Tariff HSN code falls under Natural bitumen & asphalt4:
| Tariff HSN | Description |
|---|---|
| Bituminous or oil shale and tar sands | |
| Other : Asphalt, natural | |
| Other : Bitumen, natural | |
| Other : Gilsonete | |
| Other : Other |
Bituminous or oil shale and tar sands
Other : Asphalt, natural
Other : Bitumen, natural
Other : Gilsonete
Other : Other
It includes Natural bitumen & asphalt4
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Natural bitumen & asphalt4 is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
Use a delivery challan for sending Natural bitumen & asphalt4 to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.