HSN Code 31043000 provides the tax classification for Mineral Or Chemical Fertilisers, Potassic Potassium Sulphate under Chapter 31 – Fertilizers of the GST tariff. Businesses dealing in Mineral Or Chemical Fertilisers, Potassic Potassium Sulphate must use this code for proper invoicing and return filing. Applicable taxes include CGST at 2.5/9%, SGST/UTGST at 2.5/9%, and IGST at 5/18%. The recognized unit of measurement is kg..
HSN Codes under Chapter 31 – Fertilizers
Below are related HSN codes from Chapter 31 – Fertilizers for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Fertilizers... | 31010010 | Animal Or Vegetable Fertilisers, Whether Or Not Mi... | Nil/2.5% | Nil/2.5% | Nil/5% |
| Fertilizers... | 31010091 | Animal Or Vegetable Fertilisers, Whether Or Not Mi... | Nil/2.5% | Nil/2.5% | Nil/5% |
| Fertilizers... | 31010092 | Animal Or Vegetable Fertilisers, Whether Or Not Mi... | Nil/2.5% | Nil/2.5% | Nil/5% |
| Fertilizers... | 31010099 | Animal Or Vegetable Fertilisers, Whether Or Not Mi... | Nil/2.5% | Nil/2.5% | Nil/5% |
| Fertilizers... | 31021000 | Mineral Or Chemical Fertilisers, Nitrogenous Urea,... | 2.5%/9% | 2.5%/9% | 5%/18% |
| Fertilizers... | 31021010 | Mineral Or Chemical Fertilizers, Nitrogenous- Ure... | 2.5%/9% | 2.5%/9% | 5%/18% |
| Fertilizers... | 31021090 | Mineral Or Chemical Fertilizers, Nitrogenous - Ure... | 2.5%/9% | 2.5%/9% | 5%/18% |
| Fertilizers... | 31022100 | Mineral Or Chemical Fertilisers, Nitrogenous Ammon... | 2.5%/9% | 2.5%/9% | 5%/18% |
| Fertilizers... | 31022910 | Mineral Or Chemical Fertilisers, Nitrogenous Ammon... | 2.5%/9% | 2.5%/9% | 5%/18% |
| Fertilizers... | 31022990 | Mineral Or Chemical Fertilisers, Nitrogenous Ammon... | 2.5%/9% | 2.5%/9% | 5%/18% |
GST Rates for HSN 31043000
Goods classified as Mineral Or Chemical Fertilisers, Potassic Potassium Sulphate under HSN 31043000 are taxed based on transaction type. Local sales attract CGST at 2.5/9% plus SGST/UTGST at 2.5/9%. For supplies crossing state boundaries, IGST at 5/18% applies. Documentation must reflect kg. as the measurement standard for Chapter 31 – Fertilizers products.
Who Should Use HSN Code 31043000?
Every entity transacting in Mineral Or Chemical Fertilisers, Potassic Potassium Sulphate must quote HSN Code 31043000 on invoices. This includes traders, distributors, and e-commerce sellers operating under Fertilizers. Chapter 31 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Planning to trade in Mineral Or Chemical Fertilisers, Potassic Potassium Sulphate? Complete GST registration to legally collect taxes on goods under HSN 31043000. Businesses importing or exporting Fertilizers products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Correct HSN Code 31043000 application for Mineral Or Chemical Fertilisers, Potassic Potassium Sulphate ensures smooth input credit utilization and assessment processes. Track 2.5/9%, 2.5/9%, and 5/18% rate changes for Chapter 31 – Fertilizers through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
Which chapter does HSN Code 31043000 belong to?
HSN Code 31043000 falls under Chapter 31 – Fertilizers in the GST tariff schedule. This chapter covers various goods including Mineral Or Chemical Fertilisers, Potassic Potassium Sulphate.
Is IGST applicable on Mineral Or Chemical Fertilisers, Potassic Potassium Sulphate?
Yes, IGST at 5/18% is applicable when Mineral Or Chemical Fertilisers, Potassic Potassium Sulphate is supplied interstate or imported. For local sales within a state, CGST at 2.5/9% and SGST/UTGST at 2.5/9% apply instead.
Can e-commerce sellers use HSN Code 31043000?
Yes, e-commerce sellers dealing in Mineral Or Chemical Fertilisers, Potassic Potassium Sulphate must use HSN 31043000 on their invoices. This applies to all online platforms operating under Fertilizers classification.
How do I start an import business for Fertilizers goods?
To import goods under Fertilizers, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
