HSN Code 12010090 provides the tax classification for Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other under Chapter 12 – Oil Seeds And Oleaginous Frui of the GST tariff. Businesses dealing in Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other must use this code for proper invoicing and return filing. Applicable taxes include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00%. The recognized unit of measurement is kg..
HSN Codes under Chapter 12 – Oil Seeds And Oleaginous Frui
Below are related HSN codes from Chapter 12 – Oil Seeds And Oleaginous Frui for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Oil Seeds And Oleaginous Frui... | 12010010 | Soya Beans, Whether Or Not Broken Soya Beans, Whet... | Nil | Nil | Nil |
| Oil Seeds And Oleaginous Frui... | 12011000 | Seed | 2.50% | 2.50% | 5.00% |
| Oil Seeds And Oleaginous Frui... | 12019000 | Other | 0.025 | 0.025 | 0.05 |
| Oil Seeds And Oleaginous Frui... | 12021011 | Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... | Nil | Nil | Nil |
| Oil Seeds And Oleaginous Frui... | 12021019 | Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... | 0.025 | 0.025 | 0.05 |
| Oil Seeds And Oleaginous Frui... | 12021091 | Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... | Nil | Nil | Nil |
| Oil Seeds And Oleaginous Frui... | 12021099 | Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... | 2.50% | 2.50% | 5.00% |
| Oil Seeds And Oleaginous Frui... | 12022010 | Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... | 2.50% | 2.50% | 5.00% |
| Oil Seeds And Oleaginous Frui... | 12022090 | Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... | 2.50% | 2.50% | 5.00% |
| Oil Seeds And Oleaginous Frui... | 12023010 | H.P.S. | 2.50% | 2.50% | 5.00% |
GST Rates for HSN 12010090
For Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other classified under HSN Code 12010090, tax computation follows GST principles. CGST at 2.50% plus SGST/UTGST at 2.50% covers intrastate sales. IGST at 5.00% applies to interstate transactions. kg. is the prescribed measurement for Oil Seeds And Oleaginous Frui under Chapter 12.
Who Should Use HSN Code 12010090?
Every entity transacting in Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other must quote HSN Code 12010090 on invoices. This includes traders, distributors, and e-commerce sellers operating under Oil Seeds And Oleaginous Frui. Chapter 12 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other? GST registration is mandatory for collecting and remitting taxes on HSN 12010090 goods. Companies planning international trade within Oil Seeds And Oleaginous Frui must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Using HSN Code 12010090 accurately for Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other avoids compliance issues and facilitates credit claims. Monitor changes to 2.50%, 2.50%, and 5.00% rates for Chapter 12 – Oil Seeds And Oleaginous Frui to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 12010090?
The standard unit of measurement for Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other under HSN Code 12010090 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 12010090 mandatory for small businesses?
Yes, businesses dealing in Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other must use HSN 12010090 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 Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 12010090 for Oil Seeds And Oleaginous Frui goods before invoicing.
Do I need AD Code registration for exporting Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other?
Yes, AD Code registration is required for exporters dealing in Soya Beans, Whether Or Not Broken Soya Beans, Whether Or Not Broken : Other under Oil Seeds And Oleaginous Frui. This registration links your bank account to process foreign currency payments from overseas buyers.
