Under the GST regime, HSN Code 10059011 classifies Yellow within Chapter 10 – Cereals. This code is essential for businesses to correctly calculate and remit taxes on Yellow. The applicable rates are CGST at 2.5%/Nil, SGST/UTGST at 2.5%/Nil for within-state sales, and IGST at 5%/Nil for interstate supplies. Goods are quantified using kg..
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 10059011
Goods classified as Yellow under HSN 10059011 are taxed based on transaction type. Local sales attract CGST at 2.5%/Nil plus SGST/UTGST at 2.5%/Nil. For supplies crossing state boundaries, IGST at 5%/Nil applies. Documentation must reflect kg. as the measurement standard for Chapter 10 – Cereals products.
Who Should Use HSN Code 10059011?
Traders, manufacturers, and importers of Yellow are required to mention HSN Code 10059011 on all GST documents. This Cereals classification under Chapter 10 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Entering the Yellow market requires essential registrations. GST registration enables legal tax collection on HSN 10059011 goods. For cross-border trade in Cereals items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Using HSN Code 10059011 accurately for Yellow avoids compliance issues and facilitates credit claims. Monitor changes to 2.5%/Nil, 2.5%/Nil, and 5%/Nil rates for Chapter 10 – Cereals to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
What is HSN Code 10059011 used for?
HSN Code 10059011 is used to classify Yellow under Chapter 10 – Cereals for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 10059011?
For Yellow, CGST applies at 2.5%/Nil and SGST/UTGST at 2.5%/Nil for intrastate supplies. Interstate transactions are taxed under IGST at 5%/Nil.
Do I need GST registration to trade in Yellow?
Yes, GST registration is mandatory for businesses dealing in Yellow under HSN 10059011. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Yellow?
For importing goods under Cereals, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
