HSN Code 28342920: Magnesium Nitrate

HSN Code 28342920 represents Magnesium Nitrate under GST classification. This code helps businesses identify Magnesium Nitrate correctly for billing, taxation, and trade. With HSN Code 28342920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Magnesium Nitrate.

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Description of Goods for Magnesium Nitrate

HSN Code 28342920 relates to the following description:

Chapter Number Chapter Name Sub Chapter Number Sub Chapter Name Description of Goods CGST
(%)
SGST
(%)
IGST
(%)
CESS
(%)
28 Inorganic chemicals, organic or inorganic compounds of precious metals,of rare-earth metals, of radioactive elements or of isotopes 2834 Nitrites; nitrates SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Magnesium nitrate 9% 9% 18% 0%

Description of goods

SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Magnesium nitrate

Chapter

28 – Inorganic chemicals, organic or inorganic compounds of precious metals,of rare-earth metals, of radioactive elements or of isotopes

Sub Chapter

2834 – Nitrites; nitrates

CGST 9%
SGST 9%
IGST 18%
CESS 0%

What does HSN Code 28342920 not include?

Magnesium Nitrate does not include products with the following descriptions:

HSN Code Description
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrites : Sodium nitrite
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrites : Other
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Of potassium
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Strontium nitrate
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Barium nitrate
SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Other

SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrites : Sodium nitrite

SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrites : Other

SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Of potassium

SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Strontium nitrate

SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Barium nitrate

SALTS AND PEROXYSALTS, OF INORGANIC ACIDS AND METALS : Nitrates : Other : Other

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FAQs for HSN Code 28342920

What products are classified under HSN 28342920 ?

It includes Magnesium Nitrate

Does packaging or labelling change the GST for Magnesium Nitrate?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

Any common misclassification issue with Magnesium Nitrate?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade Magnesium Nitrate?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Magnesium Nitrate?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

How should mixed supplies be billed when Magnesium Nitrate is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Magnesium Nitrate; Nil for exempt items if applicable).

How much GST applies to Magnesium Nitrate?

Under HSN 28342920, Magnesium Nitrate attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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