GST rate for commodities under HSN code 28 is expected to be levied 18%. Here you can look HS codes list of chapters for every product. And Inorganic chemicals fall under Chapter 28. And you can see GST rates on chemicals. In India Inorganic chemicals GST percentage is covered under chapter 28 of HSN code. Hence, check GST on sulfuric acid. And also see GST on textile chemicals.
Impact of GST on Chemical Industry
GST is biggest tax reform. In India chemical industries have continued facing severe challenges owing to mounting taxations. However in GST regime, scene can be different as almost every predictable impact of GST on chemical industries looks positive
What will be tax rates for inorganic chemicals under the GST?
Here is following inorganic chemicals fall under 5% tax bracket for GST. Hence, HSN Code list for GST in India
Thorium oxalate
Enriched KBF4 (enriched potassium fluroborate)
Enriched elemental boron
Nuclear fuel
Nuclear grade sodium -HSN code 2805 11
Heavy water and other nuclear fuels – HSN code 2845
Compressed air – HSN code 2853
The following inorganic chemicals will fall under the 12% tax bracket for the GST:
Medicinal grade hydrogen peroxide – HSN code 2847
Anaesthetics
Potassium Iodate
Iodine – HSN code 2801 20
Micronutrients
Dicalcium phosphate (DCP) of animal feed grade
Steam
Below find inorganic chemicals will fall under 18% tax bracket for GST.
HSN code – 2801- Fluorine, chlorine, bromine and iodine.
HSN code 2802 – Sulphur, sublimed or precipitated
HSN code – 2803 Carbon
HSN code -2804 – Hydrogen, rare gases and other nonmetals.
HSN code – 2805 -Alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium,
HSN code – 2806-Hydrogen chloride (hydrochloric acid), chloro sulphuric acid.
HSN code – 2807 -Sulphuric acid, oleum.
HSN code – 2808 – Nitric acid, sulphonitric acids.
HSN code – 2809 -Diphosphorus pentaoxide, phosphoric acid
HSN code-2810–Oxides of boron, boric acids.
HSN code-2811-Other inorganic acids and other inorganic oxygen compounds of non-metals.
HSN code-2812-Halides and halide oxides of non-metals.
HSN code-2813-Sulphides of non-metals, commercial phosphorus trisulphide.
HSN code-2814-Ammonia, anhydrous or in aqueous solution.
HSN code-2815-Sodium hydroxide of sodium or potassium.
HSN code-2816-Hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides, of strontium or barium.
HSN code-2817-Zinc oxide, zinc peroxide.
HSN code-2818-Artificial corundum
HSN code-2819-Chromium oxides and hydroxides.
HSN code-2820-Manganese oxides.
HSN code-2821-Iron oxides and hydroxides, earth colors are combining with iron contain 70% by weight of evaluated as Fe2O3.
HSN code-2822-Cobalt oxides and hydroxides, commercial cobalt oxides.
HSN code-2823-Titanium oxides.
HSN code-2824-Lead oxides, red lead and orange lead.
HSN code-2825-Hydrazine and hydroxylamine. And their inorganic salts like other inorganic bases
HSN code-2826-Fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts.
HSN code-2827- Chlorides, chloride oxides and chloride hydroxides. In addition, like bromides and bromide oxides, iodides and iodide oxides.
HSN code-2828-Hypochlorite is business of calcium hypochlorite, chlorites, hypobromites.
HSN code-2829- Chlorates and perchlorates. Such as bromates and iodates.
HSN code-2830-Sulphides, polysulphides
HSN code-2831 -Dithionites and sulphoxylates.
HSN code-2832- Sulphites, thiosulphates.
HSN code-2833-Sulphates, peroxosulphates,alums (persulphates).
HSN code-2834 -Nitrites
HSN code-2835-Phosphinates (hypophosphites), phosphonates (phosphites) and phosphates, polyphosphates, whether or not chemically defined.
HSN code-2836-Carbonates, peroxocarbonates (percarbonates), commercial ammonium carbonate containing ammonium carbamate.
HSN code-2837–Cyanides, cyanide oxides and complex cyanides.
HSN code-2839–Silicates, commercial alkali metal silicates.
HSN code-2840-Borates, peroxoborates (perborates).
HSN code-2841-Salts of oxometallic, peroxometallic acid.
HSN code-2842 other salts of inorganic acids or peroxoacids
HSN code-2843-Colloidal precious metals, inorganic or organic compounds of precious metals
HSN code-2844-Radioactive chemical elements and radioactive isotopes
HSN code-2846-Compounds, inorganic or organic
HSN code-2847-Hydrogen peroxide
HSN code-2848-Phosphides
HSN code-2849-Carbides, whether or not chemically defined.
HSN code-2850-Hydrides, nitrides, azides, silicides and borides
HSN code-2852-Inorganic or organic compounds of mercury.
Finally, you can see HS code for chemical products. Probably, check HS code of industrial chemicals. But for more details check GST rates on chemicals. Hence, for better information check GST impact on chemical sector. And also check Types of GST returns