What products are classified under HSN 28342920 ?
It includes 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.
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
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
It includes 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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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).
Under HSN 28342920, Magnesium Nitrate attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.