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HSN Code for High Speed Diesel Oil is 27101930

Welcome to our comprehensive HSN code page for High Speed Diesel Oil. This guide will provide valuable insights into the Diesel HSN code, its importance for your business, and how it impacts the Goods and Services Tax (GST) calculation.

HSN Code: 27101930

The Harmonized System Nomenclature (HSN) code for High Speed Diesel Oil is 27101930. This unique code plays a vital role in classifying products for taxation and trade purposes. Understanding the correct HSN code for high speed diesel is essential for accurate tax calculation and compliance with GST regulations.


Importance of Accurate HSN Code Classification

Accurately classifying high speed diesel oil under the appropriate HSN code is crucial for several reasons:

  • GST Calculation

The HSN code determines the GST rate applicable to high-speed diesel oil. Proper classification ensures you charge and pay the correct GST amount, preventing overpayments or underpayments.

  • Customs and Trade

If your business involves international trade, the HSN code assists customs authorities in identifying your product. This streamlines import and export processes and ensures compliance with international trade regulations.

  • Transparency and Compliance

Proper HSN classification enhances transparency in your financial transactions and ensures that your business operates within the legal framework defined by the government.

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Impact on GST

The diesel HSN code directly influences the GST rate for your product. It determines whether your product or service falls under the standard GST rate, a reduced rate, or is exempt from GST. Accurately identifying the HSN code prevents errors in GST calculation and reporting.

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