If you are a small and medium business owner or a startup founder, you might be wondering about the GST rates and HSN code for Diazo-Azo-Azoxy-Compounds. These compounds are widely used in various industries, including printing and dyeing, pharmaceuticals, and photography, among others. In this article, we will provide you with a detailed overview of Diazo-Azo-Azoxy-Compounds, their GST rates, and HSN codes.
Diazo-Azo-Azoxy-Compounds are organic compounds that contain the diazo (-N=N-) group, azo (-N=N-) group, or azoxy (-N=O) group. These compounds are widely used in various industries, including:
1. Printing and dyeing industry: Diazo-Azo-Azoxy-Compounds are used as dye intermediates and coupling agents in the production of dyes and pigments.
2. Pharmaceutical industry: These compounds are used in the synthesis of various drugs, including antitubercular, antiviral, and anticancer drugs.
3. Photography industry: Diazo-Azo-Azoxy-Compounds are used as light-sensitive materials in the production of photographic films, papers, and plates.
Diazo-Azo-Azoxy-Compounds are known for their bright colors, high stability, and excellent lightfastness. These compounds are also used as crosslinking agents, plasticizers, and stabilizers in various applications.
The GST rates for Diazo-Azo-Azoxy-Compounds are as follows:
1. Diazo compounds: 18%
2. Azo compounds: 18%
3. Azoxy compounds: 18%
The GST rates for Diazo-Azo-Azoxy-Compounds are the same for all the three types of compounds. These rates are applicable to both the raw materials and finished products that contain these compounds.
The HSN code for Diazo-Azo-Azoxy-Compounds is 2927. This code is used for the classification of these compounds for the purpose of levying GST.
1. 2927 11 00 - Diazo-, azo- or azoxy-compounds
2. 2927 12 00 - Amine-function compounds
3. 2927 13 00 - Carboxyimide-function compounds (including saccharin and its salts and imines and their derivatives)
4. 2927 14 00 - Imine-function compounds (including enamine and their derivatives); Schiff bases
5. 2927 19 00 - Other compounds; imine peroxides, imine perhydrates and their derivatives
The HSN code 2927 is used for the classification of Diazo-Azo-Azoxy-Compounds for the purpose of GST. It is important for small and medium business owners and startup founders to know the HSN code for these compounds to avoid any confusion or errors in GST filing.
Diazo-Azo-Azoxy-Compounds are widely used in various industries for their excellent properties, including bright colors, high stability, and excellent lightfastness. The GST rates for these compounds are 18%, and the HSN code for these compounds is 2927. As a small and medium business owner or startup founder, it is essential to know the GST rates and HSN code for Diazo-Azo-Azoxy-Compounds to avoid any confusion or errors in GST filing.
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