HSN Code 12059000 provides the tax classification for Rape Or Colza Seeds, Whether Or Not Broken Other under Chapter 12 – Oil Seeds And Oleaginous Frui of the GST tariff. Businesses dealing in Rape Or Colza Seeds, Whether Or Not Broken Other must use this code for proper invoicing and return filing. Applicable taxes include CGST at 2.5%/Nil, SGST/UTGST at 2.5%/Nil, and IGST at 5%/Nil. 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 12059000
For Rape Or Colza Seeds, Whether Or Not Broken Other classified under HSN Code 12059000, tax computation follows GST principles. CGST at 2.5%/Nil plus SGST/UTGST at 2.5%/Nil covers intrastate sales. IGST at 5%/Nil applies to interstate transactions. kg. is the prescribed measurement for Oil Seeds And Oleaginous Frui under Chapter 12.
Who Should Use HSN Code 12059000?
Manufacturers, wholesalers, retailers, and exporters dealing in Rape Or Colza Seeds, Whether Or Not Broken Other are required to mention HSN 12059000 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 Rape Or Colza Seeds, Whether Or Not Broken Other? GST registration is mandatory for collecting and remitting taxes on HSN 12059000 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 12059000 accurately for Rape Or Colza Seeds, Whether Or Not Broken Other avoids compliance issues and facilitates credit claims. Monitor changes to 2.5%/Nil, 2.5%/Nil, and 5%/Nil rates for Chapter 12 – Oil Seeds And Oleaginous Frui to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 12059000?
Official GST rates for Rape Or Colza Seeds, Whether Or Not Broken Other under HSN 12059000 are published in government notifications and the CBIC website. Current rates are CGST 2.5%/Nil, SGST/UTGST 2.5%/Nil, and IGST 5%/Nil.
Do online marketplaces need to mention HSN 12059000?
Yes, online marketplaces and e-commerce operators selling Rape Or Colza Seeds, Whether Or Not Broken Other must mention HSN Code 12059000 on invoices. This Oil Seeds And Oleaginous Frui classification applies to all sales channels under Chapter 12.
What documents are needed for company registration to trade in Rape Or Colza Seeds, Whether Or Not Broken Other?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Rape Or Colza Seeds, Whether Or Not Broken Other under HSN 12059000.
How often do GST rates change for Oil Seeds And Oleaginous Frui products?
GST rates for Rape Or Colza Seeds, Whether Or Not Broken Other and other Oil Seeds And Oleaginous Frui products under Chapter 12 may change through GST Council recommendations. Monitor official notifications to stay updated on 2.5%/Nil, 2.5%/Nil, and 5%/Nil revisions.
