Sulphur - GST Rates HSN Code 2503

Sulphur is a non-metallic chemical element, identified by the symbol S and atomic number 16. It is an abundant, multivalent non-metal, and an essential element for life. Sulphur has a variety of uses in industries like agriculture, pharmaceuticals, and petrochemicals, making it an important commodity in the Indian market. This article aims to provide an in-depth understanding of the GST rates and HSN code for sulphur.

GST Rates for Sulphur

Under the GST regime, sulphur is classified under the HSN code 2503. GST rates for sulphur vary based on the form in which it is supplied. Here's a closer look at the GST rates for sulphur:

5% GST on Sulphur in all forms other than sublimed sulphur, precipitated sulphur, colloidal sulphur, and sulphur recovered as by-product
18% GST on sublimed sulphur, precipitated sulphur, colloidal sulphur, and sulphur recovered as by-product

It's important to note that GST rates are subject to change from time to time based on government policies, and businesses are required to stay updated on the latest GST rates to ensure compliance with the law.

HSN Code for Sulphur

The HSN code for sulphur is 2503, and it is classified under Chapter 25 of the Harmonized System of Nomenclature (HSN). The HSN code for sulphur helps businesses identify the correct tax rate for their products and ensure compliance with the GST law.

Here's a closer look at the HSN code for sulphur:

2503.00 - Sulphur of all kinds, other than sublimed sulphur, precipitated sulphur, colloidal sulphur, and sulphur recovered as by-product.
2503.10 - Sublimed sulphur.
2503.90 - Precipitated sulphur, colloidal sulphur, and sulphur recovered as by-product.

The Importance of Understanding GST Rates and HSN Code for Sulphur

Understanding the GST rates and HSN code for sulphur is crucial for businesses that deal with this commodity. Failure to comply with GST regulations can lead to penalties and legal consequences, and it can also impact a business's reputation. By staying updated on the latest GST rates and HSN code for sulphur, businesses can ensure compliance and keep their operations running smoothly.

Conclusion

Sulphur is an important commodity in the Indian market, with a variety of uses in industries like agriculture, pharmaceuticals, and petrochemicals. Under the GST regime, sulphur is classified under the HSN code 2503, and GST rates for sulphur vary based on the form in which it is supplied. Businesses dealing with sulphur must stay updated on the latest GST rates and HSN code to ensure compliance with the law and avoid penalties.