Sulphonamides - GST Rates and HSN Code 2935

Sulphonamides are an important class of drugs that are widely used in the treatment of bacterial infections. They are also used in the manufacture of various industrial products such as dyes, pesticides, and rubber chemicals. The GST rates and HSN code for Sulphonamides have been a topic of interest for many business owners and startup founders in India.

Before we delve into the details of GST rates and HSN code for Sulphonamides, let us first understand what Sulphonamides are and their significance. Sulphonamides are a class of organic compounds that contain a sulphonamide group (-SO2NH2) attached to an aromatic or heterocyclic ring. They are also known as sulfa drugs or sulfonamides.

Sulphonamides are widely used as antibiotics in the treatment of bacterial infections. They work by inhibiting the growth of bacteria by interfering with the synthesis of folic acid, which is essential for bacterial growth. They are also used in the treatment of other medical conditions such as diabetes, hypertension, and rheumatoid arthritis.

Now let us understand the GST rates and HSN code for Sulphonamides. GST or Goods and Services Tax is a comprehensive tax system that has replaced many indirect taxes in India. It is a value-added tax that is levied on the supply of goods and services. The GST rates for Sulphonamides are as follows:

5% GST rate for Sulphonamides used in the manufacture of pharmaceutical products.
18% GST rate for Sulphonamides used in other applications such as the manufacture of dyes, pesticides, and rubber chemicals.

The HSN or Harmonized System of Nomenclature is a standardized system of names and numbers that is used to classify goods in international trade. The HSN code for Sulphonamides is 2935. This code is used to identify Sulphonamides in various documents such as invoices, shipping bills, and customs declarations.

Conclusion

In conclusion, Sulphonamides are an important class of drugs and industrial chemicals that are widely used in India. The GST rates and HSN code for Sulphonamides are 5% and 18% respectively, depending on their application. The HSN code for Sulphonamides is 2935, which is used to classify them in various documents. It is important for business owners and startup founders to be aware of these rates and codes to ensure compliance with the GST regulations in India.