Chapter 10 of the GST framework covers Cereals, and HSN Code 10063020 specifically identifies Rice Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati Rice for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Rice Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati Rice. 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 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 10063020
The taxation of Rice Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati Rice under HSN Code 10063020 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 kg. for Cereals goods under Chapter 10.
Who Should Use HSN Code 10063020?
Traders, manufacturers, and importers of Rice Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati Rice are required to mention HSN Code 10063020 on all GST documents. This Cereals classification under Chapter 10 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Looking to deal in Rice Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati Rice? GST registration is your first compliance requirement for HSN 10063020 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
Using HSN Code 10063020 accurately for Rice Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati 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 10063020 used for?
HSN Code 10063020 is used to classify Rice Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati 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 10063020?
For Rice Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati 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 Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati Rice?
Yes, GST registration is mandatory for businesses dealing in Rice Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati Rice under HSN 10063020. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Rice Semi-Milled Or Wholly-Milled Rice, Whether Or Not Polished Or Glazed : Basmati 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.
