32129010
PIGMENTS IN LINSEED OIL, WHITE SPIRIT, SPIRIT OF TURPENTINE, VARNISH AND OTHER PAINTS OR ENAMEL MEDIA NOT ELSEWHERE SPECIFIED OR INCLUDED
Tax Calculator for 32129010
E-Way Bill Rules
For pigments in linseed oil, white spirit, spirit of turpentine, varnish and other paints or enamel media not elsewhere specified or included, 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 32129010 falls under Chapter 32. 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 (3212) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of pigments in linseed oil, white spirit, spirit of turpentine, varnish and other paints or enamel media not elsewhere specified or included. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 32129010?
The GST rate for HSN Code 32129010 (PIGMENTS IN LINSEED OIL, WHITE SPIRIT, SPIRIT OF TURPENTINE, VARNISH AND OTHER PAINTS OR ENAMEL MEDIA NOT ELSEWHERE SPECIFIED OR INCLUDED) is 18%.
Q: Is HSN 32129010 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 PIGMENTS IN LINSEED OIL, WHITE SPIRIT, SPIRIT OF TURPENTINE, VARNISH AND OTHER PAINTS OR ENAMEL MEDIA NOT ELSEWHERE SPECIFIED OR INCLUDED?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.