10062000 is the designated HSN classification for Rice Husked (Brown) Rice, categorized under Chapter 10 – Cereals in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Rice Husked (Brown) Rice must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.5%/Nil, SGST/UTGST at 2.5%/Nil for local transactions, and IGST at 5%/Nil for interstate supplies. Quantities are measured in kg. for billing purposes.
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 10062000
Goods classified as Rice Husked (Brown) Rice under HSN 10062000 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 10062000?
Manufacturers, wholesalers, retailers, and exporters dealing in Rice Husked (Brown) Rice are required to mention HSN 10062000 on all tax documents. This classification under Cereals applies to businesses of all sizes operating within Chapter 10. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Entering the Rice Husked (Brown) Rice market requires essential registrations. GST registration enables legal tax collection on HSN 10062000 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 10062000 accurately for Rice Husked (Brown) Rice 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 10062000 used for?
HSN Code 10062000 is used to classify Rice Husked (Brown) Rice 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 10062000?
For Rice Husked (Brown) Rice, 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 Rice Husked (Brown) Rice?
Yes, GST registration is mandatory for businesses dealing in Rice Husked (Brown) Rice under HSN 10062000. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Rice Husked (Brown) Rice?
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.
