292146
AMFETAMINE (INN), BENZFETAMINE (INN DEXAMFETAMINE (INN), ETILAMFETAMINE (INN FENCAMFAMIN(INN), LEFETAMINE (INN), LEVAMFETAMINE (INN), MEFENOREX (INN) AND PHENTERMINE (INN), SALTS THEREOF
Tax Calculator for 292146
E-Way Bill Rules
For amfetamine (inn), benzfetamine (inn dexamfetamine (inn), etilamfetamine (inn fencamfamin(inn), lefetamine (inn), levamfetamine (inn), mefenorex (inn) and phentermine (inn), salts thereof, 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 292146 falls under Chapter 29. 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 (2921) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of amfetamine (inn), benzfetamine (inn dexamfetamine (inn), etilamfetamine (inn fencamfamin(inn), lefetamine (inn), levamfetamine (inn), mefenorex (inn) and phentermine (inn), salts thereof. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 292146?
The GST rate for HSN Code 292146 (AMFETAMINE (INN), BENZFETAMINE (INN DEXAMFETAMINE (INN), ETILAMFETAMINE (INN FENCAMFAMIN(INN), LEFETAMINE (INN), LEVAMFETAMINE (INN), MEFENOREX (INN) AND PHENTERMINE (INN), SALTS THEREOF) is 18%.
Q: Is HSN 292146 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 AMFETAMINE (INN), BENZFETAMINE (INN DEXAMFETAMINE (INN), ETILAMFETAMINE (INN FENCAMFAMIN(INN), LEFETAMINE (INN), LEVAMFETAMINE (INN), MEFENOREX (INN) AND PHENTERMINE (INN), SALTS THEREOF?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.