Understanding GST Rates HSN Code for Phosphoric Esters, Salts

Phosphoric Esters, Salts are a group of organic chemicals that are widely used in various industries such as pharmaceuticals, agrochemicals, and detergents. They are used as surfactants, emulsifiers, and solvents in these industries. In India, the GST rates and HSN code for Phosphoric Esters, Salts are as follows:

GST Rates for Phosphoric Esters, Salts:

Phosphoric Esters, Salts are classified under the heading 2919 of the GST Tariff. The GST rates for Phosphoric Esters, Salts are as follows:

S. No. HSN Code Description Rate (%)1.2919 12 00 Phosphoric esters and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives 18%2.2919 90 90 Other 18%

HSN Code for Phosphoric Esters, Salts:

The HSN code for Phosphoric Esters, Salts is 2919. This code is used to identify the goods in the GST system. The HSN code for specific products may vary based on their composition and other factors. It is important to use the correct HSN code to ensure proper tax classification and calculation.

Conclusion:

In conclusion, Phosphoric Esters, Salts are an important class of chemicals used in various industries. It is important to understand the GST rates and HSN code for these products to ensure proper tax classification and calculation. The GST rates for Phosphoric Esters, Salts are 18%, and the HSN code for these products is 2919. Business owners and startups dealing with these products should ensure that they use the correct HSN code and pay the applicable GST rates to avoid any legal and financial implications.