--- title: "HSN Code for Potassium Sulphate: Non-Fertilizer | HSN 31043000 GST Rate" description: "Find HSN and GST Rates for 31043000 related to Potassium Sulphate: Non-Fertilizer with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-31043000/" --- # HSN Code 31043000: Potassium Sulphate: Non-Fertilizer - [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/) - [Chapter 31: Fertilisers](https://busy.in/hsn/chapter-31/) - [Sub-chapter 3104: Potassic fertilisers](https://busy.in/hsn/sub-chapter-3104/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Potassium sulphate | 2.5% | 2.5% | 5% | 0% | | Potassium sulphate (which are clearly not to be used as fertilizers) | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 31043000 ? It includes Potassium Sulphate: Non-Fertilizer ### How should mixed supplies be billed when Potassium Sulphate: Non-Fertilizer is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Potassium Sulphate: Non-Fertilizer; Nil for exempt items if applicable). ### Any common misclassification issue with Potassium Sulphate: Non-Fertilizer? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Potassium Sulphate: Non-Fertilizer? Under HSN 31043000, Potassium Sulphate: Non-Fertilizer attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Potassium Sulphate: Non-Fertilizer? 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. ### Does packaging or labelling change the GST for Potassium Sulphate: Non-Fertilizer? 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. ### Can we claim ITC on inputs used to trade Potassium Sulphate: Non-Fertilizer? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 31043000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹7 Cr (−70.63% YoY) — 0.0002% of India's total exports - Imports: ₹448 Cr (+108.88% YoY) — 0.0074% of India's total imports - Trade balance: −₹440 Cr (Deficit); surplus rank #11813 of 12657 HSN codes - Share of Sub-Chapter 3104: 26.31% of its exports; import side 3.94% - Rank within Sub-Chapter 3104: #2 of 4 by export value; import-side #2 ### Key metrics - Export CAGR: -35.16% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6146 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +231.97% in FY 2023-24 - Contribution to Sub-Ch. 3104: 26.31% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 31043000 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 3104 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3104 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 99.75 | 0.0044% | — | 81.51% | 140.24 | 0.0039% | — | 1.61% | −40.49 | #2024 | | FY 2019-20 | 70.56 | 0.0032% | −29.26% | 69.53% | 204.40 | 0.0061% | +45.75% | 2.46% | −133.84 | #2438 | | FY 2020-21 | 30.04 | 0.0014% | −57.43% | 44.58% | 215.60 | 0.0074% | +5.48% | 2.29% | −185.56 | #3659 | | FY 2021-22 | 13.40 | 0.0004% | −55.39% | 64.02% | 244.70 | 0.0054% | +13.50% | 3.17% | −231.30 | #5104 | | FY 2022-23 | 7.60 | 0.0002% | −43.28% | 32.04% | 466.24 | 0.0081% | +90.54% | 3.87% | −458.64 | #5982 | | FY 2023-24 | 25.23 | 0.0007% | +231.97% | 20.60% | 214.36 | 0.0038% | −54.02% | 2.05% | −189.13 | #4451 | | FY 2024-25 | 7.41 | 0.0002% | −70.63% | 26.31% | 447.75 | 0.0074% | +108.88% | 3.94% | −440.34 | #6146 | - CAGR (7-year): exports -35.16%/yr, imports 21.35%/yr (consistently Deficit) ## Key trade insights: HSN Code 31043000 export-import analysis ### Export decline: -35.16% CAGR over 7 years India's exports under HSN Code 31043000 have declined at a compound annual rate of -35.16% over 7 fiscal years, falling from ₹99.75 Crore in FY 2018-19 to ₹7.41 Crore in FY 2024-25. ### HSN Code 31043000 ranked #6146 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 31043000 ranks #6146 out of 12657 HSN codes by total export value. Within Sub-Chapter 3104, it ranks #2 of 4. By trade surplus, it ranks #11813 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 31043000 exports The strongest single-year export movement for HSN Code 31043000 was recorded in FY 2023-24, when exports surged by 231.97% over the prior year. ### India records a trade deficit of ₹440.34 Crore in HSN Code 31043000 goods In FY 2024-25, India's imports of ₹447.75 Cr exceeded exports of ₹7.41 Cr, resulting in a trade deficit of ₹440.34 Crore — ranking #11813 of 12657 by surplus magnitude. ### Import growth of 21.35% CAGR signals rising demand for Potassium Sulphate: Non-Fertilizer India's imports under HSN Code 31043000 have grown at 21.35% CAGR, reaching ₹447.75 Crore in FY 2024-25. ### HSN Code 31043000 contributes 26.31% of Sub-Chapter 3104 exports — ranked #2 Among the 4 HSN codes under Sub-Chapter 3104, HSN Code 31043000 ranks #2 by export value — accounting for 26.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.94% share (rank #2). ## Related HSN Codes in Sub-Chapter 3104 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 31042000: Potassium chloride (not for fertilizers)](https://busy.in/hsn/hsn-31042000/) | ₹18 Cr | | #2 | HSN Code 31043000: Potassium Sulphate: Non-Fertilizer (this hsn code) | ₹7 Cr | | #3 | [HSN Code 31049000: Non-fertilizer items](https://busy.in/hsn/hsn-31049000/) | ₹3 Cr | | — | [HSN Code 31041000: Pigments: Cadmium Compounds](https://busy.in/hsn/hsn-31041000/) | — |