HSN Code 12024210 provides the tax classification for Kernels, H.P.S under Chapter 12 – Oil Seeds And Oleaginous Frui of the GST tariff. Businesses dealing in Kernels, H.P.S 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... 12010090 Soya Beans, Whether Or Not Broken Soya Beans, Whet... 2.50% 2.50% 5.00%
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%

GST Rates for HSN 12024210

Goods classified as Kernels, H.P.S under HSN 12024210 are taxed based on transaction type. Local sales attract CGST at 2.50% plus SGST/UTGST at 2.50%. For supplies crossing state boundaries, IGST at 5.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 12 – Oil Seeds And Oleaginous Frui products.

Who Should Use HSN Code 12024210?

Every entity transacting in Kernels, H.P.S must quote HSN Code 12024210 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

Looking to deal in Kernels, H.P.S? GST registration is your first compliance requirement for HSN 12024210 goods. International traders in Oil Seeds And Oleaginous Frui 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

Accurate HSN Code 12024210 usage for Kernels, H.P.S simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 12 – Oil Seeds And Oleaginous Frui to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 12024210 belong to?

HSN Code 12024210 falls under Chapter 12 – Oil Seeds And Oleaginous Frui in the GST tariff schedule. This chapter covers various goods including Kernels, H.P.S.

Is IGST applicable on Kernels, H.P.S?

Yes, IGST at 5.00% is applicable when Kernels, H.P.S is supplied interstate or imported. For local sales within a state, CGST at 2.50% and SGST/UTGST at 2.50% apply instead.

Can e-commerce sellers use HSN Code 12024210?

Yes, e-commerce sellers dealing in Kernels, H.P.S must use HSN 12024210 on their invoices. This applies to all online platforms operating under Oil Seeds And Oleaginous Frui classification.

How do I start an import business for Oil Seeds And Oleaginous Frui goods?

To import goods under Oil Seeds And Oleaginous Frui, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.

More HSN codes from Chapter 12

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