Within Chapter 10 – Cereals, HSN Code 10059020 serves as the official classification for Flint Corn (Zeamays Var. Indurata). This code determines tax rates and compliance obligations for all entities trading in Flint Corn (Zeamays Var. Indurata). CGST applies at 2.5%/Nil, SGST/UTGST at 2.5%/Nil for local transactions, and IGST at 5%/Nil for interstate supplies. Measurement is standardized in 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 10059020
Tax liability for Flint Corn (Zeamays Var. Indurata) under HSN 10059020 varies by transaction geography. CGST at 2.5%/Nil combined with SGST/UTGST at 2.5%/Nil applies to local sales. Interstate movement attracts IGST at 5%/Nil. All billing for Chapter 10 – Cereals products must use kg..
Who Should Use HSN Code 10059020?
Any business engaged in supplying Flint Corn (Zeamays Var. Indurata) must apply HSN 10059020 on invoices. The Cereals category under Chapter 10 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Planning to trade in Flint Corn (Zeamays Var. Indurata)? Complete GST registration to legally collect taxes on goods under HSN 10059020. Businesses importing or exporting Cereals products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Accurate application of HSN Code 10059020 for Flint Corn (Zeamays Var. Indurata) enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 10 – Cereals should monitor rate updates (2.5%/Nil, 2.5%/Nil, 5%/Nil) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 10059020?
Official GST rates for Flint Corn (Zeamays Var. Indurata) under HSN 10059020 are published in government notifications and the CBIC website. Current rates are CGST 2.5%/Nil, SGST/UTGST 2.5%/Nil, and IGST 5%/Nil.
Do online marketplaces need to mention HSN 10059020?
Yes, online marketplaces and e-commerce operators selling Flint Corn (Zeamays Var. Indurata) must mention HSN Code 10059020 on invoices. This Cereals classification applies to all sales channels under Chapter 10.
What documents are needed for company registration to trade in Flint Corn (Zeamays Var. Indurata)?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Flint Corn (Zeamays Var. Indurata) under HSN 10059020.
How often do GST rates change for Cereals products?
GST rates for Flint Corn (Zeamays Var. Indurata) and other Cereals products under Chapter 10 may change through GST Council recommendations. Monitor official notifications to stay updated on 2.5%/Nil, 2.5%/Nil, and 5%/Nil revisions.
