HSN Code 12072090 provides the tax classification for Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other under Chapter 12 – Oil Seeds And Oleaginous Frui of the GST tariff. Businesses dealing in Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : 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... | 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 12072090
The tax structure for Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other under HSN Code 12072090 follows a dual taxation model. CGST is levied at 2.50% and SGST/UTGST at 2.50% for intrastate sales. Interstate transactions attract IGST at 5.00%. 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 12072090?
Manufacturers, wholesalers, retailers, and exporters dealing in Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other are required to mention HSN 12072090 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
Commencing trade in Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other? Secure GST registration to handle taxes on HSN 12072090 classified goods. Businesses with international operations in Oil Seeds And Oleaginous Frui need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Correct HSN Code 12072090 application for Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other ensures smooth input credit utilization and assessment processes. Track 2.50%, 2.50%, and 5.00% rate changes for Chapter 12 – Oil Seeds And Oleaginous Frui through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 12072090 should I mention on invoices?
The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 12072090 for accurate classification of Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other.
Can I claim input tax credit on Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other purchases?
Yes, registered businesses can claim input tax credit on Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other purchases made under HSN 12072090. Ensure your supplier mentions correct HSN code and GST rates (2.50%, 2.50%) on the invoice.
What is the difference between CGST and IGST for HSN 12072090?
CGST at 2.50% plus SGST/UTGST at 2.50% applies when Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other is sold within the same state. IGST at 5.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other domestically?
No, Import Export Code is only required if you plan to import or export Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Cotton Seeds : Other internationally. For domestic trade within Oil Seeds And Oleaginous Frui, GST registration is sufficient.
