GST Rates & HSN Code 2510 for Phosphatic Chalk

For classification, besides sorting products across the world, the HSN code is secondhand to differentiate one product from other products. The HSN code is secondhand for trading goods or services within in addition outside India. This code specifies the product for interchange, and the code number extends as per the business turnover to specify that GST covers the goods.

The HSN code and GST rate for Natural Calcium Phosphates is given in place of 2510 under chapter 25.0 of Mineral Products-Salt; sulfur; earth besides stone, plastering materials, lime, and cement. In this blog, we will talk about GST Rates and HSN Code 2510 for Phosphatic Chalk.

What Does an HSN Code Mean?

An HSN code is a sequence of numeric or alphanumerical identifiers assigned to each product or service type. Each level of code characterizes a category, subcategory, and item. The longer the code, the more full the classification. HSN codes are structured hierarchically for clarity.

Why It is Important to Use the Correct HSN Code on Your Invoice

Properly identifying NATURAL CALCIUM PHOSPHATES, NATURAL ALUMINIUM CALCIUM PHOSPHATES, and THEN PHOSPHATIC CHALK with the right HSN code is serious for multiple reasons:

GST Compliance: Accurately adhering to the HSN code is compulsory for GST compliance in India. The code defines the GST rate linked to each product or service. Incorrect ciphering may lead to errors in tax rates, possibly resulting in penalties.

Legal Requirement: Indian tax establishments require HSN codes on invoices. Failure to include them or using unsuitable codes can result in legal issues besides financial consequences.

Avoiding Tax Errors: An accurate HSN organization helps stop overcharging or undercharging duties on goods besides services. The right code guarantees correct GST rate application and correct tax calculation.

Customs Processing: When importing or dispersing, Indian customs powers rely on the HSN code to evaluate duties. Accurate cyphering helps streamline duties processes, plummeting delays or disputes.

Audits and Record-Keeping: Accurate HSN code certification is vital for audits and record-keeping, safeguarding businesses that can provide accurate and demonstrable records of transactions when required.

How to Locate the Correct HSN Code

Finding the appropriate HSN code, such as the one for NATURAL CALCIUM PHOSPHATES, NATURAL ALUMINIUM CALCIUM PHOSPHATES, THEN PHOSPHATIC CHALK, is essential for GST compliance and accurate tax calculations. Here are some means to help you identify the right HSN code for your business:

HSN	HSN Description	Units	CGST	SGST/UTGST	IGST
2510	Natural Calcium Phosphates, Natural Aluminium Calcium Phosphates And Phosphatic Chalk
251010	Unground	N.a	3%	2.50%	5.00%
25101010	Natural Calcium Phosphates, Natural Aluminium Calcium Phosphates And Phosphatic Chalk - Unground: Natural Calcium Phosphate	N.a	2.50%	3%	5.00%
25101020	Natural Calcium Phosphates, Natural Aluminium Calcium Phosphates And Phosphatic Chalk - Unground: Natural Aluminium Calcium Phosphate	N.a	2.50%	3%	5.00%
25101030	Natural Calcium Phosphates, Natural Aluminium Calcium Phosphates And Phosphatic Chalk - Unground: Natural Calcium Phosphate Apatite	N.a	2.50%	2.50%	5.00%
25101090	Natural Calcium Phosphates, Natural Aluminium Calcium Phosphates And Phosphatic Chalk - Unground: Other	kg.	0.025	0.025	0.05
251020	Ground
25102010	Natural Calcium Phosphates, Natural Aluminium Calcium Phosphates And Phosphatic Chalk - Ground: Natural Calcium Phosphates	kg.	2.50%	2.50%	5.00%
25102020	Natural Calcium Phosphates, Natural Aluminium Calcium Phosphates And Phosphatic Chalk - Ground: Natural Aluminium Calcium Phosphate	kg.	2.50%	3%	5.00%
25102030	Natural Calcium Phosphates, Natural Aluminium Calcium Phosphates And Phosphatic Chalk - Ground: Natural Calcium Phosphates Apatite	kg.	2.50%	2.50%	5.00%
25102090	Natural Calcium Phosphates, Natural Aluminium Calcium Phosphates And Phosphatic Chalk - Ground: Other	kg.	0.025	0.025	0.05

Official GST Website: The GST portal is the most reliable source for HSN codes. Go to 'Search HSN Code' from the GST site under 'Services > User Services.' You can search by HSN or description. Select the most expedient method to find the exact HSN code for your product or service.

Trusted Online HSN Code Finder Tools: While the GST portal is precise, navigating it can be complex. An easier alternative is using an online HSN code finder tool HSN Code Finder Tool. Input the product report or relevant keywords to retrieve the appropriate HSN code.

Key Features of HSN Code for Natural Calcium Phosphates

Here are certain key features of the HSN code for different animal products:

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The HSN code is a single code selected for different goods for trading. This code consists of 6 digits, considered with a uniform number. This classifies 5000+ products so far that are acknowledged worldwide.

Moreover, the length of the HSN code may vary, depending on several factors, such as a greater portion of products, expanded product categories, and even covering business turnover.

Under the organization of the HSN module, there are about 21 sections, 99 chapters, and 1,244 headings, in addition to 5,244 subheadings, to facilitate worldwide trade.

The first two digits represent the chapter; the next two digits outline the category, and further extensions of codes specify more creation specifications or country-specific products.

HSN Code in GST

The HSN code refers to the product description and its characteristics. HSN Code in GST is important to discriminate the products from one another. Getting the GST for HSN helps to understand whether the product is dissimilar and unique to other products. Under this code, the HSN code eliminates the need for a detailed report of products. If a dealer or service provider's turnover falls above the slabs or limit of Rs. 5 crores, he or she must comprise an HSN/SAC-specific sales summary in his or her GSTR-1.

Disclaimer

To the best of our knowledge, the rates recorded above, which are provided, have been revised from declaration no. 05/2020, dated October 16, 2020. We got the HSN code information from the master codes provided on the NIC's GST e-invoice system. Variations may occur as a result of government upgrades. Please remember that we cannot be held accountable for any incorrect data. If you need information about the "effective date" for each GST or cess amount, please go to the CBIC website.

Who Requires HSN Code?

The obligation of HSN code in Natural Calcium Phosphates is required who pays the duties on the turnover of their business, which tops Rs. 1.5 crore. When the business turnover exceeds Rs 5 crore, the HSN code has an 8-digit code corresponding to the product description. At the same time, the HSN code is limited to 4 digits if the income is up to Rs. 5 crore.

Suggested Read: Education Loan Tax Benefit

Conclusion

The HSN code 2510 in Natural Calcium Phosphates salaries the taxes on the turnover of their business. This code is compulsory for businesses that exceed the turnover limit of a certain business of Rs. 5 crore. This HSN code helps to discriminate and specify the characteristics of products that are used for trading. If you get the Natural Calcium Phosphates HSN code 2510, your business goods get comprehensive identification and recognition from an assortment of items trading.

FAQS

What is the HSN code for chalk and GST?

HSN Code 2509 refers to "Chalk." This classification code is vital for identifying chalk and related products for import/export purposes grounded on their nature, composition, and intended use. Common foodstuffs under HSN Code 2509 include natural chalk and calcium carbonate chalk, besides chalk sticks.

What is the HSN code 25152010?

GST Rate for HSN Code 25152010 Marble, travertine, causing besides other calcareous monumental or construction stone of an apparent exact gravity of 2.5 or more, and alabaster, whether or not roughly clipped or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular.

What is the HSN code 25171010?

GST Rate for HSN Code 25171010 Pebbles, shingle, broken or crushed stone, of a kind commonly used for concrete collections, for road metalling or for railway or other ballast, shingle, and flint, whether or not heat-treated; macadam of slag, dross or like industrial waste.

What is the GST HSN code?

HSN (Harmonised System of Nomenclature) codes are vital for Goods and Services Tax (GST) in India. They categorize goods based on their features and facilitate uniform taxation. Understanding HSN codes safeguards accurate tax calculation and compliance with GST regulations.

Is GST applicable on chalk?

While most stationery items, counting pens and paper, fall under chapter 96 of the HSN code, some exceptions exist. Slates, slate pencils, and chalksticks are exempt from GST.