Within Chapter 28 – Inorganic Chemicals, Organic, HSN Code 28402010 serves as the official classification for Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate. This code determines tax rates and compliance obligations for all entities trading in Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate. CGST applies at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Measurement is standardized in kg..
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 28402010
Tax liability for Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate under HSN 28402010 varies by transaction geography. CGST at 9.00% combined with SGST/UTGST at 9.00% applies to local sales. Interstate movement attracts IGST at 18.00%. All billing for Chapter 28 – Inorganic Chemicals, Organic products must use kg..
Who Should Use HSN Code 28402010?
Every entity transacting in Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate must quote HSN Code 28402010 on invoices. This includes traders, distributors, and e-commerce sellers operating under Inorganic Chemicals, Organic. Chapter 28 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Entering the Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate market requires essential registrations. GST registration enables legal tax collection on HSN 28402010 goods. For cross-border trade in Inorganic Chemicals, Organic items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Correct HSN Code 28402010 application for Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 28 – Inorganic Chemicals, Organic through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 28402010 used for?
HSN Code 28402010 is used to classify Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate under Chapter 28 – Inorganic Chemicals, Organic for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 28402010?
For Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate, CGST applies at 9.00% and SGST/UTGST at 9.00% for intrastate supplies. Interstate transactions are taxed under IGST at 18.00%.
Do I need GST registration to trade in Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate?
Yes, GST registration is mandatory for businesses dealing in Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate under HSN 28402010. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Borates; Peroxoborates (Perborates) - Other Borates : Magnesium Borate?
For importing goods under Inorganic Chemicals, Organic, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
