Chapter 10 of the GST framework covers Cereals, and HSN Code 10059000 specifically identifies Maize (Corn)Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Maize (Corn)Other. Tax rates applicable include CGST at 2.5%/Nil, SGST/UTGST at 2.5%/Nil, and IGST at 5%/Nil for interstate movements. The standard unit of measurement is N.a.
HSN Codes under Chapter 10 – Cereals
Below are related HSN codes from Chapter 10 – Cereals for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Cereals... | 10011010 | Wheat And Meslin Durum Wheat : Of Seed Quality | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Cereals... | 10011090 | Wheat And Meslin Durum Wheat : Other | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Cereals... | 10011100 | Seed | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Cereals... | 10011900 | Other | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Cereals... | 10019010 | Wheat And Meslin Other : Wheat Of Seed Quality | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Cereals... | 10019020 | Wheat And Meslin Other : Other Wheat | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Cereals... | 10019031 | Wheat And Meslin Other : Meslin : Of Seed Quality | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Cereals... | 10019039 | Wheat And Meslin Other : Meslin : Other | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Cereals... | 10019100 | Seed | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Cereals... | 10019910 | Wheat | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
GST Rates for HSN 10059000
The taxation of Maize (Corn)Other under HSN Code 10059000 depends on supply location. Intrastate transactions require CGST at 2.5%/Nil and SGST/UTGST at 2.5%/Nil. Interstate supplies are charged IGST at 5%/Nil. Invoices should consistently use N.a for Cereals goods under Chapter 10.
Who Should Use HSN Code 10059000?
Any business engaged in supplying Maize (Corn)Other must apply HSN 10059000 on invoices. The Cereals category under Chapter 10 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Looking to deal in Maize (Corn)Other? GST registration is your first compliance requirement for HSN 10059000 goods. International traders in Cereals products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Accurate HSN Code 10059000 usage for Maize (Corn)Other simplifies reconciliation and protects against penalties. Keep current with 2.5%/Nil, 2.5%/Nil, and 5%/Nil updates for Chapter 10 – Cereals to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 10059000?
The standard unit of measurement for Maize (Corn)Other under HSN Code 10059000 is N.a. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 10059000 mandatory for small businesses?
Yes, businesses dealing in Maize (Corn)Other must use HSN 10059000 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Maize (Corn)Other?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 10059000 for Cereals goods before invoicing.
Do I need AD Code registration for exporting Maize (Corn)Other?
Yes, AD Code registration is required for exporters dealing in Maize (Corn)Other under Cereals. This registration links your bank account to process foreign currency payments from overseas buyers.
