Ammonia is a chemical compound that has various industrial and agricultural applications. It is commonly used as a refrigerant, in the production of fertilizers, and in the manufacture of various chemicals. Understanding the GST rates and HSN code for Ammonia is crucial for Small and Medium Business owners and startup founders in India, who deal with the import, export, and sale of Ammonia.
The GST rates for Ammonia are classified based on the type of Ammonia and its uses. The GST rate for Ammonia is 18%. However, there are exceptions to this rule depending on the usage of Ammonia. For example, if Ammonia is used for agricultural purposes, the GST rate is 5%. On the other hand, if Ammonia is used for industrial purposes, the GST rate is 18%.
The Harmonized System of Nomenclature (HSN) is an internationally recognized system of names and numbers that classify goods. The HSN code for Ammonia is 2814. This code is used to identify Ammonia for import and export purposes. Businesses dealing with Ammonia must use this code on their invoices and other relevant documents.
Ammonia is used in the production of various products such as fertilizers, refrigerants, and cleaning agents. Each of these products has a unique HSN code that is used for import and export purposes. The following is a list of HSN codes for Ammonia-based products:
1. Fertilizers – 3102
2. Refrigerants – 3824
3. Cleaning Agents – 3402
Understanding the GST rates and HSN code for Ammonia is crucial for Small and Medium Business owners and startup founders in India. Businesses dealing with Ammonia must ensure that they use the correct HSN code on their invoices and other relevant documents to avoid any legal issues. It is also important to note that the GST rates for Ammonia vary based on its usage. If businesses are unsure about the GST rates and HSN code for Ammonia, they should consult a tax expert or refer to the official government website for more information.
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