What products are classified under HSN 2843
It includes Precious metal compounds
HSN Sub Chapter 2843 represents Precious metal compounds under GST classification. This code helps businesses identify Precious metal compounds correctly for billing, taxation, and trade. With HSN Sub Chapter 2843, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Precious metal compounds.
GST Rate for Precious metal compounds under HSN Code 2843. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 28 | 2843 | Colloidal precious metals; inorganic or organic compounds of precious metals,whether or not chemically defined; amalgams of precious metals | 18% | 18% |
Chapter: 28
Description: Colloidal precious metals; inorganic or organic compounds of precious metals,whether or not chemically defined; amalgams of precious metals
Following Tariff HSN code falls under Precious metal compounds:
| Tariff HSN | Description |
|---|---|
| MISCELLANEOUS : Colloidal precious metals : Of gold | |
| MISCELLANEOUS : Colloidal precious metals : Of silver | |
| MISCELLANEOUS : Colloidal precious metals : Other | |
| MISCELLANEOUS : Silver compounds : Silver nitrate | |
| MISCELLANEOUS : Silver compounds : Other | |
| MISCELLANEOUS : Gold compounds | |
| MISCELLANEOUS : Other compounds; amalgams : Other compounds : Sodium aurous thiosulphate | |
| MISCELLANEOUS : Other compounds; amalgams : Other compounds : Noble metal solutions of platinum, rhodium and palladium | |
| MISCELLANEOUS : Other compounds; amalgams : Other compounds : Other | |
| MISCELLANEOUS : Other compounds; amalgams : Amalgams |
MISCELLANEOUS : Colloidal precious metals : Of gold
MISCELLANEOUS : Colloidal precious metals : Of silver
MISCELLANEOUS : Colloidal precious metals : Other
MISCELLANEOUS : Silver compounds : Silver nitrate
MISCELLANEOUS : Silver compounds : Other
MISCELLANEOUS : Gold compounds
MISCELLANEOUS : Other compounds; amalgams : Other compounds : Sodium aurous thiosulphate
MISCELLANEOUS : Other compounds; amalgams : Other compounds : Noble metal solutions of platinum, rhodium and palladium
MISCELLANEOUS : Other compounds; amalgams : Other compounds : Other
MISCELLANEOUS : Other compounds; amalgams : Amalgams
| Order Number | Description |
|---|---|
| Nueclear Healthcare Limited (AAR (Authority For Advance Ruling), Maharashtra) |
Nueclear Healthcare Limited (AAR (Authority For Advance Ruling), Maharashtra)
It includes Precious metal compounds
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Precious metal compounds is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
If your outward supply of Precious metal compounds is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
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.