What products are classified under HSN 2926
It includes Nitrile-function compounds
HSN Sub Chapter 2926 represents Nitrile-function compounds under GST classification. This code helps businesses identify Nitrile-function compounds correctly for billing, taxation, and trade. With HSN Sub Chapter 2926, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Nitrile-function compounds.
GST Rate for Nitrile-function compounds under HSN Code 2926. 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 |
|---|---|---|---|---|
| 29 | 2926 | Nitrile-function compounds | 18% | 18% |
Following Tariff HSN code falls under Nitrile-function compounds:
| Tariff HSN | Description |
|---|---|
| Acrylonitrile | |
| 1-Cyanoguanidine (dicyandiamide) | |
| Fenproporex (INN) and its salts; methadone (INN) intermediate (4-cyano-2-Dimethy lamino-4, 4- diphenylbutane) | |
| Alpha-phenylacetoacetonitrile | |
| Other |
Acrylonitrile
1-Cyanoguanidine (dicyandiamide)
Fenproporex (INN) and its salts; methadone (INN) intermediate (4-cyano-2-Dimethy lamino-4, 4- diphenylbutane)
Alpha-phenylacetoacetonitrile
Other
It includes Nitrile-function compounds
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Use a delivery challan for sending Nitrile-function compounds 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 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.
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.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen 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.