2621
OTHER SLAG AND ASH, INLCUDING SEAWEED ASH (KELP),ASH AND RESIDUES FROM THE INCINERATION OF MUNICIPAL WASTE
Tax Calculator for 2621
E-Way Bill Rules
For other slag and ash, inlcuding seaweed ash (kelp),ash and residues from the incineration of municipal waste, the E-Way Bill threshold is ₹50,000. Since the rate is 18%, you must generate a bill if the Taxable Value exceeds ₹42,372.
Example Calculation
- Base Value: ₹42,372
- + GST (18%): ₹7,626.96
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Can I claim ITC?
Yes, if used for business. This reduces your final cash liability.
Input Tax Credit (ITC) Logic
Compliance & Validation
HSN 2621 falls under Chapter 26. It is mandatory to mention this code on invoices if your annual turnover exceeds ₹5 Crore. For turnover below ₹5 Crore, mentioning the 4-digit code (2621) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of other slag and ash, inlcuding seaweed ash (kelp),ash and residues from the incineration of municipal waste. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 2621?
The GST rate for HSN Code 2621 (OTHER SLAG AND ASH, INLCUDING SEAWEED ASH (KELP),ASH AND RESIDUES FROM THE INCINERATION OF MUNICIPAL WASTE) is 18%.
Q: Is HSN 2621 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'eligible'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for OTHER SLAG AND ASH, INLCUDING SEAWEED ASH (KELP),ASH AND RESIDUES FROM THE INCINERATION OF MUNICIPAL WASTE?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.