Chapter 12 of the GST framework covers Oil Seeds And Oleaginous Frui, and HSN Code 12040090 specifically identifies Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other. Tax rates applicable include CGST at 0.025, SGST/UTGST at 0.025, and IGST at 0.05 for interstate movements. The standard 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 12040090
The tax structure for Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other under HSN Code 12040090 follows a dual taxation model. CGST is levied at 0.025 and SGST/UTGST at 0.025 for intrastate sales. Interstate transactions attract IGST at 0.05. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 12 – Oil Seeds And Oleaginous Frui.
Who Should Use HSN Code 12040090?
Manufacturers, wholesalers, retailers, and exporters dealing in Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other are required to mention HSN 12040090 on all tax documents. This classification under Oil Seeds And Oleaginous Frui applies to businesses of all sizes operating within Chapter 12. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Starting a business involving Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other? GST registration is mandatory for collecting and remitting taxes on HSN 12040090 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
Correct HSN Code 12040090 application for Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other ensures smooth input credit utilization and assessment processes. Track 0.025, 0.025, and 0.05 rate changes for Chapter 12 – Oil Seeds And Oleaginous Frui through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 12040090 used for?
HSN Code 12040090 is used to classify Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other under Chapter 12 – Oil Seeds And Oleaginous Frui 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 12040090?
For Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other, CGST applies at 0.025 and SGST/UTGST at 0.025 for intrastate supplies. Interstate transactions are taxed under IGST at 0.05.
Do I need GST registration to trade in Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other?
Yes, GST registration is mandatory for businesses dealing in Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other under HSN 12040090. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Linseed, Whether Or Not Broken Linseed, Whether Or Not Broken : Other?
For importing goods under Oil Seeds And Oleaginous Frui, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
