GST Rates and HSN Code for Reaction Initiators, Accelerators And Catalytic Preparations

As per the GST (Goods and Services Tax) regime, each and every product and service in India has been classified with an HSN or Harmonized System of Nomenclature code. The HSN code helps in identifying the products and services for GST purposes. In this article, we will focus on the GST rates and HSN code for Reaction Initiators, Accelerators and Catalytic Preparations.

What are Reaction Initiators, Accelerators and Catalytic Preparations?

Reaction initiators, accelerators and catalytic preparations are substances that help in increasing the rate of a chemical reaction, initiating a reaction or catalyzing a reaction to make it more efficient. They are commonly used in manufacturing processes and industrial production. In general, these preparations are classified under the category of chemical products.

GST Rates for Reaction Initiators, Accelerators and Catalytic Preparations

As per the GST guidelines, Reaction Initiators, Accelerators and Catalytic Preparations are classified under HSN code 3815. The GST rate for Reaction Initiators, Accelerators and Catalytic Preparations is 18%. This rate is applicable for all types of Reaction Initiators, Accelerators and Catalytic Preparations regardless of their use or application.

HSN Code for Reaction Initiators, Accelerators and Catalytic Preparations

As mentioned earlier, Reaction Initiators, Accelerators and Catalytic Preparations fall under HSN code 3815. The HSN code is a six-digit code that is used to classify goods and services for tax purposes. The HSN code for Reaction Initiators, Accelerators and Catalytic Preparations is 3815.

Conclusion

Reaction Initiators, Accelerators and Catalytic Preparations are important chemical products that are widely used in various manufacturing processes and industrial production. Understanding the HSN code and GST rates for these products is essential for businesses and manufacturers to ensure compliance with the GST regulations in India.

With an understanding of the GST rates and HSN code for Reaction Initiators, Accelerators and Catalytic Preparations, businesses and manufacturers can easily classify their products and services for GST purposes and ensure that they adhere to the tax regulations in India.