The GSTN has issued Notified through 90/2020- dated 01.12.2020 whereby the supply of specified 49 products requires mention of 8 digit HSN in Tax Invoice.
Currently, companies mention up to a 4-digit tariff code when issuing invoices. The registered person shall indicate in a tax invoice given by him 8 digits of the Harmonized System of Nomenclature Codes.
In commercial terms, each product is classified under the Harmonized System of Nomenclature Code. It helps to systematically identify goods around the world.
Every vendor of prescribed chemicals to note 8 digits of the HSN Code in every tax invoice provided by him for the said products as of 1 December 2020, irrespective of the size of the activity.
The government makes it compulsory to mention the 8-digit HSN Code in the tax invoice for 49 chemical products. New Delhi: The government has made it compulsory to specify 8-digit HSN or tariff code for 49 chemical products while releasing goods and services tax (GST) invoices, a move that experts feel is aiming at reducing tax avoidance.
'This is the first notice of its type that allows a particular group of suppliers to use the 8-digit HSN Code on each invoice, irrespective of the aggregate turnover. Even though there is no reason to corner the supplier of stated chemicals, it seems like it is being done to crack the false invoicing ring."
The CBIC has stated the following is the list of chemicals along with the HSN code.
|
S. No. |
Chemical name |
HSN Code |
|
1 |
Mixture of (5-ethyl-2-methyl-2-oxido-1,3,2-dioxaphosphinan-5-yl) methyl methylmethylphosphonate (CAS RN 41203-81-0) and Bis [(5-Ethyl-2-methyl-2-oxido-1,3,2-dioxaphosphinan-5-yl)methyl] methylphosphonate (CAS RN42595-45-9) |
38249100 |
|
2 |
Dimethyl propylphosphonate |
29313200 |
|
3 |
(5-Ethyl-2-methyl-2-oxido-1,3,2-dioxaphosphinan-5-yl)methyl methylmethylphosphonate |
29313600 |
|
4 |
Bis[(5-Ethyl-2-methyl-2-oxido-1,3,2-dioxaphosphinan-5-yl)methyl] methylphosphonate |
29313700 |
|
5 |
2,4,6-Tripropyl-1,3,5,2,4,6-trioxatriphosphinane 2,4,6-trioxide |
29313500 |
|
6 |
Dimethyl methylphosphonate |
29313100 |
|
7 |
Diethyl ethylphosphonate |
29313300 |
|
8 |
Methylphosphonic acid with ( aminoiminomethyl) urea ( 1: 1) |
29313800 |
|
9 |
Sodium 3-(trihydroxysilyl) propyl methylphosphonate |
29313400 |
|
10 |
2,2-Diphenyl-2-hydroxyacetic acid |
29181700 |
|
11 |
2-(N,N-Diisopropylamino)ethyl chloride hydrochloride |
29211400 |
|
12 |
2-(N,N-Dimethylamino)ethyl chloride hydrochloride |
29211200 |
|
13 |
2-(N, N-Diethylamino)ethyl chloride hydrochloride |
29211300 |
|
14 |
2-(N, N-Diisopropylamino)ethanol |
29221800 |
|
15 |
2-(N, N-Diethylamino )ethanethiol |
29306000 |
|
16 |
Bis(2-hydroxyethyl)sulphide |
29307000 |
|
17 |
2-(N, N-Dimethylamino)ethanethiol |
29309092 |
|
18 |
Product from the reaction of Methylphosphonic acid and l,3,5-Triazine-2,4,6- triamine |
As applicable |
|
19 |
3-Quinuclidinol |
29333930 |
|
20 |
R-(- )-3-Quinuclidinol |
29333930 |
|
21 |
3,9-Dimethyl-2,4,8,10-tetraoxa-3,9-diphosphaspiro [5.5] undecane 3,9- dioxide |
29313900 |
|
22 |
Propylphosphonic dichloride |
29313900 |
|
23 |
Methylphosphonic dichloride |
29313900 |
|
24 |
Diphenylmethylphosphonate |
29313900 |
|
25 |
O-(3-chloropropyl)O-[4-nitro-3-(trifluoromethyl)phenyl] methylphosphonothionate |
29313900 |
|
26 |
Methylphosphonic acid |
29313900 |
|
27 |
Product from the reaction of methyl phosphonic acid and 1,2-ethylenediamine |
As applicable |
|
28 |
Phosphonic acid, methyl-, polyglycerol ester (Exolit OP 560 TP) |
38249900 |
|
29 |
Phosphonic acid, methyl-,polyglycerol ester (Exolit OP 560) |
38249900 |
|
30 |
Bis (polyoxyethylene) methyl phosphonate |
39072090 |
|
31 |
Poly(1,3-phenylene methyl phosphonate) |
39119090 |
|
32 |
Dimethylmethylphosphonate, polymer with oxirane and phosphorus oxide |
38249900 |
|
33. |
Carbonyl dichloride |
28121100 |
|
34. |
Cyanogen chloride |
28531000 |
|
35. |
Hydrogen cyanide |
28111200 |
|
36. |
Trichloronitromethane |
29049100 |
|
37. |
Phosphorus oxychloride |
28121200 |
|
38. |
Phosphorus trichloride |
28121300 |
|
39. |
Phosphorus pentachloride |
28121400 |
|
40. |
Trimethyl phosphite |
29202300 |
|
41. |
Triethyl phosphite |
29202400 |
|
42. |
Dimethyl phosphite |
29202100 |
|
43. |
Diethyl phosphite |
29202200 |
|
44. |
Sulfurmonochloride |
28121500 |
|
45. |
Sulphur dichloride |
28121600 |
|
46. |
Thionyl chloride |
28121700 |
|
47. |
Ethyldiethanolamine |
29221720 |
|
48. |
Methyldiethanolamine |
29221710 |
|
49. |
Triethanolamine |
29221500 |
