Organo-sulphur compounds are a class of chemical compounds that contain sulfur and carbon atoms. They are used in a variety of industries, including pharmaceuticals, agriculture, and food processing. In this article, we will discuss the GST rates and HSN code for organo-sulphur compounds in India.
The Harmonized System of Nomenclature (HSN) is a globally accepted system for classifying goods. In India, the HSN code is used for the classification of goods under the Goods and Services Tax (GST) regime. The HSN code for organo-sulphur compounds is 2930.
The HSN code for organo-sulphur compounds under 2930 is further divided into subheadings based on the chemical structure of the compound.
The GST rates for organo-sulphur compounds in India vary depending on the type of compound and its use. The GST rates for organo-sulphur compounds are as follows:
1. 5% GST for organo-sulphur compounds used in the pharmaceutical industry.
2. 12% GST for organo-sulphur compounds used in the agriculture industry.
3. 18% GST for organo-sulphur compounds used in the food processing industry.
It is important to note that the GST rates for organo-sulphur compounds are subject to change based on the decisions of the GST council. Therefore, it is recommended to check the latest GST rates before making any transactions.
In conclusion, organo-sulphur compounds are an essential class of chemical compounds used in various industries. The HSN code for organo-sulphur compounds is 2930, and the GST rates vary depending on the type of compound and its use. It is crucial to understand the HSN code and GST rates before making any transactions involving organo-sulphur compounds.
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