28342920 is the designated HSN classification for Nitrites; Nitrates - Nitrates: - Other : Magnesium Nitrate, categorized under Chapter 28 – Inorganic Chemicals, Organic in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Nitrites; Nitrates - Nitrates: - Other : Magnesium Nitrate must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
HSN Codes under Chapter 28 – Inorganic Chemicals, Organic
Below are related HSN codes from Chapter 28 – Inorganic Chemicals, Organic for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Inorganic Chemicals, Organic... | 28011000 | Fluorine, Chlorine, Bromine And Iodine - Chlorine | 0.09 | 0.09 | 0.18 |
| Inorganic Chemicals, Organic... | 28012000 | Fluorine, Chlorine, Bromine And Iodine - Iodine | 0.06 | 0.06 | 0.12 |
| Inorganic Chemicals, Organic... | 28013010 | Fluorine, Chlorine, Bromine And Iodine - Fluorine;... | 9.00% | 9.00% | 18.00% |
| Inorganic Chemicals, Organic... | 28013020 | Fluorine, Chlorine, Bromine And Iodine - Fluorine;... | 0.09 | 0.09 | 0.18 |
| Inorganic Chemicals, Organic... | 28020010 | Sulphur, Sublimed Or Precipitated; Colloidal Sulph... | 9.00% | 9.00% | 18.00% |
| Inorganic Chemicals, Organic... | 28020020 | Sulphur, Sublimed Or Precipitated; Colloidal Sulph... | 9.00% | 9.00% | 18.00% |
| Inorganic Chemicals, Organic... | 28020030 | Sulphur, Sublimed Or Precipitated; Colloidal Sulph... | 0.09 | 0.09 | 0.18 |
| Inorganic Chemicals, Organic... | 28030010 | Carbon (Carbon Blacks And Other Forms Of Carbon No... | 9.00% | 9.00% | 18.00% |
| Inorganic Chemicals, Organic... | 28030020 | Carbon (Carbon Blacks And Other Forms Of Carbon No... | 9.00% | 9.00% | 18.00% |
| Inorganic Chemicals, Organic... | 28030090 | Carbon (Carbon Blacks And Other Forms Of Carbon No... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 28342920
The tax structure for Nitrites; Nitrates - Nitrates: - Other : Magnesium Nitrate under HSN Code 28342920 follows a dual taxation model. CGST is levied at 9.00% and SGST/UTGST at 9.00% for intrastate sales. Interstate transactions attract IGST at 18.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 28 – Inorganic Chemicals, Organic.
Who Should Use HSN Code 28342920?
Manufacturers, wholesalers, retailers, and exporters dealing in Nitrites; Nitrates - Nitrates: - Other : Magnesium Nitrate are required to mention HSN 28342920 on all tax documents. This classification under Inorganic Chemicals, Organic applies to businesses of all sizes operating within Chapter 28. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Starting a business involving Nitrites; Nitrates - Nitrates: - Other : Magnesium Nitrate? GST registration is mandatory for collecting and remitting taxes on HSN 28342920 goods. Companies planning international trade within Inorganic Chemicals, Organic must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Proper use of HSN Code 28342920 for Nitrites; Nitrates - Nitrates: - Other : Magnesium Nitrate streamlines audit processes and supports valid credit claims. Stay updated on 9.00%, 9.00%, and 18.00% rates for Chapter 28 – Inorganic Chemicals, Organic through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 28342920 belong to?
HSN Code 28342920 falls under Chapter 28 – Inorganic Chemicals, Organic in the GST tariff schedule. This chapter covers various goods including Nitrites; Nitrates - Nitrates: - Other : Magnesium Nitrate.
Is IGST applicable on Nitrites; Nitrates - Nitrates: - Other : Magnesium Nitrate?
Yes, IGST at 18.00% is applicable when Nitrites; Nitrates - Nitrates: - Other : Magnesium Nitrate is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.
Can e-commerce sellers use HSN Code 28342920?
Yes, e-commerce sellers dealing in Nitrites; Nitrates - Nitrates: - Other : Magnesium Nitrate must use HSN 28342920 on their invoices. This applies to all online platforms operating under Inorganic Chemicals, Organic classification.
How do I start an import business for Inorganic Chemicals, Organic goods?
To import goods under Inorganic Chemicals, Organic, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
