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HSN Code - 30049011 : Ayurvedic, Unani, Homoeopathic, Siddha or Bio-chemic systems medicaments, put up for retail sale (MEDICAMENTS OF AYURVEDIC SYSTEM)
| HSN CODE | Description | Policy |
|---|---|---|
| 3004 | MEDICAMENTS(EXCLUDING GOODS OF HEADING 3002, 3005 OR 3006) CONSISTING OF MIXED OR UNMIXED PRODUCTS FOR THERAPEUTIC OR PROPHYLACTIC USES, PUT UP IN MEASURED DOSES (INCLUDING THOSE IN THE FORM OF TRANSDERMAL ADMINISTRATION SYSTEMS) OR IN FORMS OR PACKINGS FOR RETAIL SALE | |
| 300490 | Ayurvedic, Unani, Homoeopathic, Siddha or Bio-chemic systems medicaments, put up for retail sale | |
| 30049011 | MEDICAMENTS OF AYURVEDIC SYSTEM | Free |
Harmonised System of Nomenclature (HSN Codes) 30049011 are used for the MEDICAMENTS OF AYURVEDIC SYSTEM products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
Understanding HSN Code 30049011
First two digits (30) represent the chapter number which is Chapter 30 - Pharmaceutical products
Next two digits (04) represent the heading number which is MEDICAMENTS(EXCLUDING GOODS OF HEADING 3002, 3005 OR 3006) CONSISTING OF MIXED OR UNMIXED PRODUCTS FOR THERAPEUTIC OR PROPHYLACTIC USES, PUT UP IN MEASURED DOSES (INCLUDING THOSE IN THE FORM OF TRANSDERMAL ADMINISTRATION SYSTEMS) OR IN FORMS OR PACKINGS FOR RETAIL SALE
Next two digits (90) represent the product code which is Ayurvedic, Unani, Homoeopathic, Siddha or Bio-chemic systems medicaments, put up for retail sale
Last two digits (11) are for final or deeper classification which is MEDICAMENTS OF AYURVEDIC SYSTEM
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.
FAQs on HSN Code 30049011
What is HSN Code 30049011 used for?
HSN Code 30049011 is used to classify goods under GST for invoicing, taxation, import, and export. Businesses use this code to correctly identify products while filing GST returns and trade documents.
Is HSN Code 30049011 mandatory for GST invoices?
Yes. HSN codes are mandatory on GST invoices for most businesses, especially for B2B transactions, exports, and imports. The level of digits required depends on turnover and transaction type.
What is the GST rate for HSN Code 30049011?
The GST rate for HSN Code 30049011 depends on the product specification and the latest GST notifications. Businesses should verify the applicable rate from CBIC notifications or consult a tax professional before invoicing.
What is the import or export policy for HSN Code 30049011?
As per current trade policy, HSN Code 30049011 falls under "Free" category. Import or export may be subject to specific conditions or approvals.
What is the difference between HSN Code and SAC Code?
HSN codes are used for goods or products, while SAC codes are used for services. Businesses dealing in both goods and services must use the correct code type for GST compliance.