30049042
METHOTREXATE, 5-FLUOROURACIL(5-FU) AND FTORAFUR
Tax Calculator for 30049042
E-Way Bill Rules
For methotrexate, 5-fluorouracil(5-fu) and ftorafur, the E-Way Bill threshold is ₹50,000. Since the rate is 12%, you must generate a bill if the Taxable Value exceeds ₹44,642.
Example Calculation
- Base Value: ₹44,642
- + GST (12%): ₹5,357.04
- 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 30049042 falls under Chapter 30. 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 (3004) is sufficient for B2B invoices.
Ensure that you charge 6% CGST and 6% SGST for intra-state supplies of methotrexate, 5-fluorouracil(5-fu) and ftorafur. For inter-state supplies, the full 12% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 30049042?
The GST rate for HSN Code 30049042 (METHOTREXATE, 5-FLUOROURACIL(5-FU) AND FTORAFUR) is 12%.
Q: Is HSN 30049042 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 METHOTREXATE, 5-FLUOROURACIL(5-FU) AND FTORAFUR?
Multiply the taxable value by 0.12. For ₹1000 value, GST is ₹120.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.